EUR/CHF – 4H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards

The bearish trend down to the next support line at 0.91948 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.92343 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Next a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.92343 – 0.91917 – 0.91691 – 0.91948 – 0.91429 – 0.90958 —
0.92180 – 0.92116 —
52.899203510958 – 48.736119967025 —
– —
0.92343 – 1781121600

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