USD/CHF – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 0.78733 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 0.78316 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.78733 – 0.78585 – 0.78257 – 0.78316 – 0.77918 – 0.77826 —
0.78603 – 0.78647 —
59.934650981382 – 57.556832189205 —
– —
0.78733 – 1776974400

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –