EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A bearish descent down to the next support level at 0.93358 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93879 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish 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 | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.93879 |
| Current Price | 0.93415 |
| Next Low | 0.93358 |
| 2nd Low | 0.92755 |
| 3rd Low | 0.92717 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows