USD/CHF – 30M – SELL

Additionally a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.800735 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.80771 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.80771 – 0.80723 – 0.80668 – 0.80484 – 0.79852 – 0.79376 —
0.80611 – 0.80487 —
49.226520260283 – 40.886963002734 —
– —
0.80771 – 1763652600

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