EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 0.93603 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.93967 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.936595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.93967 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.93967 – 0.93990 – 0.93799 – 0.93603 – 0.93608 – 0.93363

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down