EUR/CHF – 4H – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards

A bearish movement down to the next support at 0.91948 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.92343 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.92343 – 0.91917 – 0.91691 – 0.91948 – 0.91429 – 0.90958 —
0.92092 – 0.92184 —
51.573919252871 – 45.577338789674 —
– —
0.92343 – 1781121600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –