EUR/CHF – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.9416946 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.94407 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Harami’ candlestick chart pattern is found. The chart forms ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.94335 |
| Next Low | 0.93814 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93489 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami