USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
The bearish trend down to the next support level at 0.90227 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.90799 could happen.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90799 |
| Current Price | 0.90445 |
| Next Low | 0.90227 |
| 2nd Low | 0.90099 |
| 3rd Low | 0.89843 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows