USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards
A bearish trend down to the next support level at 0.90081 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91370 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Top’ candle chart pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.90694 |
| Next Low | 0.90081 |
| 2nd Low | 0.89843 |
| 3rd Low | 0.89126 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top