EUR/CHF – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.91942 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.92503 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.92074396 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.92503 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

0.92503 – 0.92499 – 0.92165 – 0.92216 – 0.92299 – 0.91942 —
0.92342 – 0.92290 —
45.496181043372 – 29.306161387385 —
– —
0.92503 – 1777480200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –