EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.

A continuation of the downward movement down to the next support at 0.9006 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.90279 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.90279 – 0.90391 – 0.90467 – 0.9006 – 0.90087 – 0.9021 —
0.90234 – 0.90326 —
45.953570759278 – 61.969726076078 —
– —
0.90279 – 1773277200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –