USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish trend down to the next support at 0.91065 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.91298 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Harami’ candle pattern is detected. The candles show ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91370 |
| 2nd High | 0.91306 |
| Next High | 0.91298 |
| Current Price | 0.91208 |
| Next Low | 0.91065 |
| 2nd Low | 0.90978 |
| 3rd Low | 0.90224 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Harami