USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A bearish descent down to the next support at 0.88984 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.89483 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.89574 |
| Next High | 0.89483 |
| Current Price | 0.89437 |
| Next Low | 0.88984 |
| 2nd Low | 0.88161 |
| 3rd Low | 0.88106 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows