USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A bearish trend downwards to the next support at 0.90978 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91306 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91370 |
| Next High | 0.91306 |
| Current Price | 0.91200 |
| Next Low | 0.90978 |
| 2nd Low | 0.90224 |
| 3rd Low | 0.90081 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines