EUR/CHF – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.93118 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.93448 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.93127 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.93448 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.93448 – 0.93465 – 0.93501 – 0.93118 – 0.93174 – 0.93217 —
0.93236 – 0.93295 —
45.717075533707 – 56.005285920628 —
– —
0.93448 – 1764262800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –