EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 0.89831 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.90707 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.89831 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.90707 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

0.90707 – 0.90717 – 0.90768 – 0.89831 – 0.90494 – 0.90492 —
0.90028 – 0.90120 —
28.506356573971 – 52.296679279856 —
– —
0.90707 – 1772748000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –