USD/CHF – 4H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.

A bearish movement downwards to the next support level at 0.771 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.7772 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.7772 – 0.77397 – 0.773 – 0.771 – 0.76288 – 0.77419 —
0.77351 – 0.77420 —
44.129925444388 – 51.967736039112 —
– —
0.7772 – 1771603200

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – Double bottom retreat down – – – – – – – –