EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.93506 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.93933 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.93999 |
| Next High | 0.93933 |
| Current Price | 0.93897 |
| Next Low | 0.93506 |
| 2nd Low | 0.92709 |
| 3rd Low | 0.92555 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows