EUR/CHF – 30M – BUYCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.9365 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.94193 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Inside Down’ candlestick chart pattern is existing. The candles show ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94407 |
| 2nd High | 0.94398 |
| Next High | 0.94193 |
| Current Price | 0.93782 |
| Next Low | 0.93650 |
| 2nd Low | 0.93540 |
| 3rd Low | 0.93489 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Inside Down