USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.79936 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.79147 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.79936 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.79936 – 0.80074 – 0.80178 – 0.79147 – 0.79811 – 0.79574

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Double top chart pattern