EUR/CHF – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A descent downwards to the next support level at 0.92079 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.92343 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.92343 – 0.92046 – 0.91974 – 0.92079 – 0.91918 – 0.91801 —
0.92343 – 0.92230 —
65.384807701936 – 49.677854784121 —
0.92343 – 1781128800 —
– 1781128800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –