Trade of the Day: USD/CHF

USD/CHF rising inside the 15-minute Up Channel chart pattern, which was previously identified by Autochartist. The chart pattern indicates possible bullish price movement toward the target level 0.9042. The following are the optimal entry and stop-loss levels calculated by Autochartist:  entry at 0.9021 with the protective stop-loss at 0.9000.

As can be seen from the 4-hour USD/CHF chart below – the pair also earlier broke the longer-term key resistance level 0.9009. The chart pattern indicates possible bullish price movement toward the target level 0.9052. Two aligned different-type and different time-frame chart patterns increase the likelihood of further gains for this currency pair.