USD/CHF – 4H – BUY

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

An ascent up to the next resistance line at 0.79247 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.78306 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.78544 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.79247 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.79247 – 0.78763 – 0.78454 – 0.78306 – 0.77749 – 0.779 —
0.78223 – 0.78180 —
33.259544881576 – 36.051050869448 —
– —
0.79247 – 1777492800

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