USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.
A bearish trend downwards to the next support line at 0.88139 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.88446 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Line Strike – Bearish’ candlestick chart pattern is found. The chart forms ‘Three Line Strike – Bearish’. 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 ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88446 |
| Current Price | 0.88401 |
| Next Low | 0.88139 |
| 2nd Low | 0.88009 |
| 3rd Low | 0.87971 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bearish