EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards

The bearish trend downwards to the next support at 0.8988 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.90414 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. 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 Engulfing’ heading down is 79%.

0.90414 – 0.90544 – 0.90382 – 0.8988 – 0.90215 – 0.90179 —
0.90417 – 0.90434 —
57.820938962793 – 56.720746829457 —
– —
0.90414 – 1773423000

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