USD/CHF – 1H – BUY

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

An ascending movement upwards to the next resistance line at 0.77857 is certain.

Caution: A possible change in the direction of the support zone at 0.76707 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ” indicator layout is discovered. The indicator shows ”. this is usually a bullish chart scenario. The currency pair is likely to rise.

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Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.77679 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.77857 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. 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 ‘Three White Soldiers’ going up is 82%.

0.77536 – 0.77573 – 0.77657 – 0.76707 – 0.77051 – 0.77189 —
0.76840 – 0.77306 —
38.629460934946 – 62.364296592691 —
– —
0.77536 – 1772110800

Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –