USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.78198 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.78474 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.78474 – 0.78468 – 0.78183 – 0.78198 – 0.77994 – 0.7783 —
0.78380 – 0.78455 —
52.800089941864 – 61.86814096945 —
– —
0.78474 – 1777923000

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