Resistance: 0.9789 strong / 0.9818 moderate / 0.9859 minor
Support: 0.9748 moderate / 0.9719 minor / 0.9678 minor
Market bias for USDCHF is bearish with prices under a strong resistance level at 0.9789 the Pivot Point. Given that Bullish Harami is a low level bullish reversal pattern it is necessary to look for a close above the strong resistance first before taking action. Immediate objective when taking a buy should be a push for 0.9818 break of which opens 0.9859, a stop loss should be placed below the patterns low.
For pattern explanation and visual identification rules, click here.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices