EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.92045 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.93113 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93653 |
| 2nd High | 0.93244 |
| Next High | 0.93113 |
| Current Price | 0.93034 |
| Next Low | 0.92045 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows