USD/CHF – 30M – SELL

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

A bearish descent down to the next support level at 0.77655 is certain.

Caution: A possible change in the direction of resistance at 0.78089 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.78089 – 0.77929 – 0.78038 – 0.77655 – 0.7774 – 0.77709 —
0.77949 – 0.77858 —
46.716287922709 – 40.698962113168 —
– —
0.78089 – 1778218200

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