USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline down.

A continuation of the downward movement down to the next support line at 0.79208 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.79704 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.

0.79704 – 0.79756 – 0.79747 – 0.79208 – 0.79299 – 0.79477 —
0.79388 – 0.79481 —
53.3194421537 – 64.034326735461 —
– —
0.79704 – 1781307000

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –