USD/CHF – 4H – BUY

The combination US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance line at 0.81393 is considered certain.

Caution: A possible change in the direction of support at 0.79097 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.81393 – 0.80126 – 0.79268 – 0.79097 – 0.79208 – 0.77951 —
0.81265 – 0.80915 —
60.002306592342 – 43.142608493249 —
– —
0.81393 – 1782316800

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