USD/CHF – 1H – SELL

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish 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 will continue. Target of the current trend is 0.799805 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.80405 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.80405 – 0.80274 – 0.80175 – 0.79832 – 0.79556 – 0.79859 —
0.80332 – 0.80244 —
55.453059111525 – 49.204627353724 —
– —
0.80405 – 1768496400

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double top retreat up – – – – – – – –