EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 0.93483 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.94407 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. 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 | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.93877 |
| Next Low | 0.93483 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows