USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support at 0.77419 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.77869 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.77869 – 0.77755 – 0.7772 – 0.77419 – 0.77492 – 0.77455 —
0.77762 – 0.77822 —
50.770574716483 – 53.532824782197 —
– —
0.77869 – 1770278400

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –