EUR/CHF – 1H – SELL

Besides a ‘Double bottom retreat down’ chart formation is discovered. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

The pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards

A bearish movement down to the next support at 0.9211 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.92301 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.92301 – 0.92289 – 0.92578 – 0.9211 – 0.91789 – 0.92324 —
0.92277 – 0.92272 —
54.306933708364 – 54.384305519358 —
– —
0.92301 – 1763161200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – Double bottom retreat down – – – –