USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards

A bearish trend downwards to the next support level at 0.77492 will persist.

Caution: A possible change in the direction of the resistance line at 0.77888 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.77755 – 0.7772 – 0.77656 – 0.77492 – 0.77455 – 0.77383 —
0.77845 – 0.77811 —
61.599504238304 – 56.412527172884 —
– —
0.77755 – 1770229800

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –