EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline down.
The bearish trend down to the next support at 0.93914 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.94407 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.93955 |
| Next Low | 0.93914 |
| 2nd Low | 0.93578 |
| 3rd Low | 0.93538 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows