EUR/CHF – 1H – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance line at 0.93432 will persist.

Caution: A possible reversal of the trend in the direction of support at 0.93262 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.93432 – 0.93486 – 0.93442 – 0.93262 – 0.93265 – 0.93165 —
0.93431 – 0.93594 —
61.175495187484 – 71.097173299179 —
– —
0.93432 – 1764752400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold – – – – – – – – –