EUR/CHF – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.93782 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.94062 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94193 |
| 2nd High | 0.94186 |
| Next High | 0.94062 |
| Current Price | 0.93949 |
| Next Low | 0.93371 |
| 2nd Low | 0.93297 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows