EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.93849 will persist.
Caution: A possible change in the direction of the resistance line at 0.94186 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ chart pattern is existing. The chart forms ‘Tweezers Top’. 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 likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94398 |
| 2nd High | 0.94193 |
| Next High | 0.94186 |
| Current Price | 0.93882 |
| Next Low | 0.93849 |
| 2nd Low | 0.93837 |
| 3rd Low | 0.93826 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top