EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.

A bearish movement down to the next support level at 0.91555 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.92503 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.

0.92503 – 0.92499 – 0.92165 – 0.91555 – 0.91495 – 0.92216 —
0.91729 – 0.91613 —
42.18925069391 – 33.917803278728 —
– —
0.92503 – 1777478400

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