EUR/CHF – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A continuation of the bearish trend down to the next support at 0.91576 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.9178 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then 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 pair is likely to go down.

Then a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.9178 – 0.91775 – 0.92503 – 0.91576 – 0.91431 – 0.91555 —
0.91668 – 0.91638 —
49.821505021267 – 46.396616164796 —
– —
0.9178 – 1777899600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –