EUR/CHF – 4H – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.92859 will persist.
Caution: A possible change in the direction of the resistance zone at 0.94176 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.93955 |
| Next Low | 0.92859 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows