USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A descent down to the next support line at 0.89144 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.89745 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.89745 |
| Current Price | 0.89288 |
| Next Low | 0.89144 |
| 2nd Low | 0.88984 |
| 3rd Low | 0.88161 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows