EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.93540 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.93846 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle pattern is found. The candles show ‘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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94278 |
| 2nd High | 0.94053 |
| Next High | 0.93846 |
| Current Price | 0.93690 |
| Next Low | 0.93540 |
| 2nd Low | 0.93489 |
| 3rd Low | 0.93423 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows