EUR/CHF – 1H – SELL

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

A bearish descent down to the next support line at 0.93059 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.93455 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.93455 – 0.93806 – 0.94014 – 0.93059 – 0.93349 – 0.93412

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