USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 0.78198 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.7848 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.

0.7848 – 0.78474 – 0.78468 – 0.78198 – 0.77994 – 0.7783 —
0.78391 – 0.78408 —
44.361765658247 – 47.520260641263 —
– —
0.7848 – 1777968000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –