EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline down.
The bearish trend down to the next support level at 0.93914 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94407 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Belt Hold’ chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.93992 |
| Next Low | 0.93914 |
| 2nd Low | 0.93578 |
| 3rd Low | 0.93538 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold