EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.92584 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.93018 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Line Strike – Bearish’ candle pattern is detected. The chart forms ‘Three Line Strike – Bearish’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93222 |
| 2nd High | 0.93027 |
| Next High | 0.93018 |
| Current Price | 0.92762 |
| Next Low | 0.92584 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bearish