USD/CHF – 4H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

A bearish descent down to the next support line at 0.79556 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.80175 could happen.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.80175 – 0.79674 – 0.7942 – 0.79556 – 0.79009 – 0.78551 —
0.79799 – 0.80274 —
49.874996960187 – 67.262159830932 —
– —
0.80175 – 1768176300

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –