USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards

A bearish trend down to the next support level at 0.80236 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.80412 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 0.80363758 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.80412 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Concealing Baby Swallow’ chart pattern is existing. The chart forms ‘Concealing Baby Swallow’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).

0.80412 – 0.80621 – 0.80833 – 0.80236 – 0.80436 – 0.80405 —
0.80433 – 0.80394 —
52.240024083684 – 43.502412648465 —
– —
0.80412 – 1764547200

Trading Signals: FOREX – USD – USD/CHF – CHF – Concealing Baby Swallow – Symmetrical Triangle Chart Pattern – – – – – – – –