Sell USD/CHF – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.79743 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.80179 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Harami’ candlestick chart pattern is existing. The chart forms ‘Bearish Harami’. which is a negative 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 Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 0.80646
2nd High 0.80423
Next High 0.80179
Current Price 0.79794
Next Low 0.79775
2nd Low 0.79766
3rd Low 0.79743

0.80179 – 0.80144 – 0.79909 – 0.79775 – 0.79766 – 0.79743 —
0.80051 – 0.79853 —
40.053689303812 – 34.16080390984 —
– —
0.80179 – 1775449800

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