EUR/CHF – 30M – SELL

Next a ‘Double bottom chart pattern’ chart pattern is existing. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.

A descent down to the next support level at 0.93875 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.94035 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.93819 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.94035 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.94035 – 0.93880 – 0.93762 – 0.93875 – 0.93629 – 0.93603

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji