USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A descent downwards to the next support line at 0.90981 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91280 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91370 |
| Next High | 0.91280 |
| Current Price | 0.91124 |
| Next Low | 0.90981 |
| 2nd Low | 0.90224 |
| 3rd Low | 0.90081 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows