USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.77837 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘ ‘ indicator signal is discovered. The indicator is ‘ ‘. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.79142 |
| 2nd High | 0.77934 |
| Next High | 0.77837 |
| Current Price | 0.76115 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.77837 – 0.77934 – 0.79142 – 0.77305 – 0.77413 – 0.78867 —
0.77436 – 0.76694 —
25.789130221357 – 18.669097745771 —
– —
0.77837 – 1769508000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – – – – – – – –