USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.90224 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.91370 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Tweezers Top’ candlestick pattern is found. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 | 0.91182 |
| Next Low | 0.90224 |
| 2nd Low | 0.90081 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top