EUR/CHF – 4H – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.92045 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.93262 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.92490568 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.93262 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93440 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.92716 |
| Next Low | 0.92045 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows