EUR/CHF – 30M – SELL

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

The bearish trend down to the next support level at is certain.

Caution: A possible change in the direction of the resistance zone at 0.94288 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.939455 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.94288 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The 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%.

0.94288 – 0.94035 – 0.93880 – 0.93915 – 0.93875 – 0.93629

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows