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 0.93716 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.94042 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Harami’ candle pattern is discovered. The chart shows ‘Bearish Harami’. this is a bearish 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 ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94398 |
| 2nd High | 0.94193 |
| Next High | 0.94042 |
| Current Price | 0.93900 |
| Next Low | 0.93716 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93540 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami