USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.89771 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.90083 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative 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 | 0.90214 |
| Next High | 0.90083 |
| Current Price | 0.89955 |
| Next Low | 0.89771 |
| 2nd Low | 0.89126 |
| 3rd Low | 0.88984 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows