USD/CHF – 1H – SELL

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

A bearish trend downwards to the next support at 0.78316 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.78733 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.78733 – 0.78585 – 0.78257 – 0.78316 – 0.77918 – 0.77826 —
0.78683 – 0.78700 —
61.928327057359 – 58.208244757893 —
– —
0.78733 – 1776974400

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