USD/CHF – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.79359 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.79592 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.79592 – 0.79264 – 0.79674 – 0.79058 – 0.79044 – 0.79109 —
0.79585 – 0.79560 —
64.867601588409 – 58.437204309192 —
– —
0.79592 – 1767735000

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