USD/CHF – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.772625 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.78171 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.78171 – 0.76999 – 0.77057 – 0.77455 – 0.77383 – 0.76625 —
0.77737 – 0.77869 —
58.487157596553 – 64.473664725214 —
– —
0.78171 – 1770051600

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