USD/CHF – 1H – SELL

Then a ” indicator layout is existing. The indicator is ”. which could be a negative signal. The currency pair is likely to fall.

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

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.77951312 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.7848 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a negative 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.7848 – 0.78474 – 0.78183 – 0.77788 – 0.78828 – 0.78306 —
0.78215 – 0.78078 —
36.349383478093 – 37.302447930653 —
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0.7848 – 1777968000

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