EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A bearish descent down to the next support level at 0.93538 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93810 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘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 | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93810 |
| Current Price | 0.93627 |
| Next Low | 0.93538 |
| 2nd Low | 0.93483 |
| 3rd Low | 0.93410 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows