EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.93499 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.93694 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Tweezers Top’ candlestick pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94053 |
| 2nd High | 0.93806 |
| Next High | 0.93694 |
| Current Price | 0.93560 |
| Next Low | 0.93499 |
| 2nd Low | 0.93423 |
| 3rd Low | 0.93297 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top