EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.92852 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.93262 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93385 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.93009 |
| Next Low | 0.92852 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows