USD/CHF – 30M – SELL

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 0.801535 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.80393 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.80393 – 0.80145 – 0.80118 – 0.80196 – 0.79951 – 0.79914 —
0.80329 – 0.80303 —
58.697260015881 – 49.280156068104 —
– —
0.80393 – 1764887400

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double bottom chart pattern – – – – – – – –