EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.93297 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93694 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency 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 | 0.94407 |
| 2nd High | 0.94278 |
| Next High | 0.93694 |
| Current Price | 0.93560 |
| Next Low | 0.93297 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows