USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.79217 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Tweezers Top’ candle pattern is existing. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.79217 – 0.79261 – 0.80108 – 0.78691 – 0.79784 – 0.79609 —
0.78900 – 0.79099 —
36.30790935571 – 52.27995078822 —
– —
0.79217 – 1775725200

Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top – – – – – – – – –