EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.92790 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.93113 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Line Strike – Bearish’ candlestick chart pattern is discovered. The chart shows ‘Three Line Strike – Bearish’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93653 |
| 2nd High | 0.93244 |
| Next High | 0.93113 |
| Current Price | 0.92772 |
| Next Low | 0.92790 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bearish