USD/CHF – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.76755 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.77248 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.768895 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.77248 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.77248 – 0.77181 – 0.773 – 0.76755 – 0.76665 – 0.76997 —
0.76975 – 0.77111 —
53.93050713731 – 66.273401951702 —
– —
0.77248 – 1770885000

Trading Signals: FOREX – USD – USD/CHF – CHF – Two Crows – – – – – – – – –