EUR/CHF – 30M – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.91537 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.91808 could happen.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.91729 – 0.91808 – 0.91809 – 0.91537 – 0.91442 – 0.91584 —
0.91628 – 0.91800 —
48.490855455047 – 64.226935636146 —
– —
0.91729 – 1770316200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –