EUR/CHF – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.90215 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.90544 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Belt Hold’ candle pattern is discovered. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.90544 – 0.90467 – 0.90498 – 0.90215 – 0.90179 – 0.9006 —
0.90366 – 0.90382 —
49.320864446559 – 52.623806352957 —
– —
0.90544 – 1773378000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – – – – – – – – –