USD/CHF – 1H – SELL

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

A descent downwards to the next support line at 0.79097 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.80821 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.80151 – 0.79594 – 0.79756 – 0.79097 – 0.79212 – 0.79208 —
0.80491 – 0.80765 —
66.062470899392 – 67.877317697458 —
– —
0.80151 – 1781733600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –