USD/CHF – 1H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance level at 0.80799 is certain.

Caution: A possible trend reversal in the direction of support at 0.79214 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.8058 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.80799 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.80580 – 0.79864 – 0.79411 – 0.79214 – 0.79003 – 0.78718 — 78.211076407169 – 78.32958779092 — 62.63823684769 – 51.427940326567 – 73.926979333504 – 64.079190700109

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – Double bottom chart pattern – –