EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

An ascent up to the next resistance line at 0.92261 will persist.

Caution: A possible reversal of the trend in the direction of support at 0.91801 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.920355 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.92261 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

0.92261 – 0.92133 – 0.92184 – 0.91801 – 0.92018 – 0.91993 —
0.91883 – 0.91911 —
28.667773436786 – 42.302435141378 —
0.91801 – 1781694000 —
0.92261 – 1781625600

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