USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.89172 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.90214 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which 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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90214 |
| Current Price | 0.89614 |
| Next Low | 0.89172 |
| 2nd Low | 0.89171 |
| 3rd Low | 0.89144 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows