USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A descending movement down to the next support level at 0.89297 is certain.
Caution: A possible change in the direction of resistance at is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ chart pattern is found. The candles form ‘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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.89636 |
| Next Low | 0.89297 |
| 2nd Low | 0.88984 |
| 3rd Low | 0.88161 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows