EUR/CHF – 30M – BUY

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.91066 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.91448 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

0.91448 – 0.91608 – 0.91609 – 0.91066 – 0.91122 – 0.91426 —
0.91223 – 0.91242 —
36.080497587229 – 44.568887439136 —
– —
0.91448 – 1770975000

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