USD/CHF – 4H – BUY

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.80901656 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.81198 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Bearish SBS White Lines’ chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.81198 – 0.81393 – 0.80126 – 0.80628 – 0.80658 – 0.79097 —
0.80967 – 0.80381 —
50.978499934923 – 31.989535305516 —
– —
0.81198 – 1782921600

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines – – – – – – – – –