USD/CHF – 30M – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.78718 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.79936 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

0.79936 – 0.80074 – 0.80178 – 0.78718 – 0.79147 – 0.79811

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