USD/CHF – 4H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards

A descent downwards to the next support line at 0.77951 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.80126 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Southern Doji’ candle chart pattern is existing. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.80126 – 0.79268 – 0.7899 – 0.77951 – 0.78076 – 0.78381 —
0.79626 – 0.79451 —
47.523619482426 – 40.691349252928 —
– —
0.80126 – 1781208000

Trading Signals: FOREX – USD – USD/CHF – CHF – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –