USD/CHF – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.795935 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.79841 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.79841 – 0.80357 – 0.80405 – 0.78782 – 0.79622 – 0.79832 —
0.79020 – 0.79104 —
33.263467524076 – 44.653001680424 —
– —
0.79841 – 1768874400

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –