USD/CHF – 1H – SELLThe pair goes from the ascending trendline down.
A bearish trend downwards to the next support at 0.88025 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.88360 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88128 |
| Next Low | 0.88025 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |