EUR/CHF – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.93723 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94053 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down