USD/CHF – 4H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.77749 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.79247 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

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

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.77749 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.79247 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.79247 – 0.78763 – 0.78454 – 0.78306 – 0.77749 – 0.779 —
0.79170 – 0.78224 —
67.927192796685 – 35.697712819086 —
– —
0.79247 – 1777492800

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