USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.87971 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.88815 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88997 |
| 2nd High | 0.88872 |
| Next High | 0.88815 |
| Current Price | 0.88347 |
| Next Low | 0.87971 |
| 2nd Low | 0.87510 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows