USD/CHF – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.77788 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.78183 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.78183 – 0.78301 – 0.79229 – 0.7783 – 0.77788 – 0.78035 —
0.78180 – 0.78111 —
52.305468706128 – 51.231170298879 —
– —
0.78183 – 1777678200

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