USD/CHF – 4H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A bearish descent down to the next support at 0.87354 will continue.
Caution: A possible trend reversal in the direction of the resistance line at could happen.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.89784 |
| Next Low | 0.87354 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86147 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows