USD/CHF – 4H – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards

The bearish trend down to the next support at 0.76707 will persist.

Caution: A possible change in the direction of resistance at 0.80405 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.77726612 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.80405 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.7772 – 0.77397 – 0.773 – 0.76707 – 0.77051 – 0.771 —
0.78134 – 0.78348 —
69.443954863215 – 65.0187529989 —
– —
0.7772 – 1771603200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –