USD/CHF – 30M – SELL

There is also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.792195 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.79661 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.79661 – 0.79619 – 0.79552 – 0.79513 – 0.78778 – 0.79426 —
0.79631 – 0.79461 —
54.816088762612 – 35.827120951253 —
– —
0.79661 – 1763431200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Double top chart pattern – – – –