EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.92884 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.93239 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The 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 | 0.93255 |
| 2nd High | 0.93242 |
| Next High | 0.93239 |
| Current Price | 0.93088 |
| Next Low | 0.92884 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows