USD/CHF – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.79477 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.79704 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.79704 – 0.79756 – 0.79747 – 0.79477 – 0.79405 – 0.79724 —
0.79539 – 0.79476 —
32.53526377389 – 41.289421808731 —
– —
0.79704 – 1781307000

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