USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

A descent down to the next support level at 0.89515 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.89975 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.8937298 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.89975 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency 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%.

Download USD/CHF Signal Image

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows