USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 0.88162 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.88539 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Line Strike – Bearish’ candle chart pattern is discovered. The chart shows ‘Three Line Strike – Bearish’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88885 |
| 2nd High | 0.88794 |
| Next High | 0.88539 |
| Current Price | 0.88300 |
| Next Low | 0.88162 |
| 2nd Low | 0.87706 |
| 3rd Low | 0.87584 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bearish