USD/CHF – 4H – SELL

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

A continuation of the bearish trend down to the next support at 0.77788 will persist.

Caution: A possible change in the direction of the resistance zone at 0.79247 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ” indicator signal is found. The indicator shows ”. which could be a negative signal. The pair is likely to go down.

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Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern 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 Black Crows’ heading down is 82%.

0.79247 – 0.78763 – 0.78454 – 0.77788 – 0.78306 – 0.77749 —
0.78454 – 0.78189 —
51.030553380553 – 34.018350047201 —
– —
0.79247 – 1777492800

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –