EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards

A descent down to the next support at is certain.

Caution: A possible trend reversal in the direction of resistance at 0.93653 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.93041 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.93653 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows