EUR/CHF – 30M – SELLIn addition a ‘Double bottom retreat down’ chart formation is discovered. The chart forms ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.
The pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
A descent down to the next support level at 0.93967 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.94172 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94285 |
| 2nd High | 0.94190 |
| Next High | 0.94172 |
| Current Price | 0.93983 |
| Next Low | 0.93967 |
| 2nd Low | 0.93540 |
| 3rd Low | 0.93072 |
0.94172 – 0.94190 – 0.93870 – 0.93967 – 0.93540 – 0.93072