EUR/CHF – 4H – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.91066 is certain.

Caution: A possible change in the direction of resistance at 0.91687 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.91687 – 0.92171 – 0.93072 – 0.91066 – 0.90944 – 0.91442 —
0.91275 – 0.91204 —
38.008109455666 – 42.970141388144 —
– —
0.91687 – 1770825600

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