EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 0.91451 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.91756 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.91756 – 0.91654 – 0.91676 – 0.91451 – 0.91489 – 0.91489 —
0.91754 – 0.91640 —
61.635443321191 – 52.424993638948 —
– —
0.91756 – 1778068800

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