USD/CHF – 30M – SELL

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.77419 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.77714 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.

0.77714 – 0.77857 – 0.77837 – 0.77445 – 0.77505 – 0.7761 —
0.77541 – 0.77576 —
40.789860491065 – 45.828033337121 —
– —
0.77714 – 1770598800

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –