USD/CHF – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.79959 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.80267 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.80267 – 0.80528 – 0.80497 – 0.80392 – 0.79959 – 0.80236 —
0.80074 – 0.79963 —
38.69183313518 – 33.456544839603 —
– —
0.80267 – 1764754200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –