USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline downwards
A descent down to the next support at 0.91079 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.91370 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.91075 |
| Next Low | 0.91079 |
| 2nd Low | 0.90386 |
| 3rd Low | 0.90227 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down