USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.88207 is certain.
Caution: A possible change in the direction of the resistance line at 0.88698 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Line Strike – Bearish’ candlestick pattern is detected. The candles form ‘Three Line Strike – Bearish’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89175 |
| 2nd High | 0.88997 |
| Next High | 0.88698 |
| Current Price | 0.88581 |
| Next Low | 0.88207 |
| 2nd Low | 0.88009 |
| 3rd Low | 0.87971 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bearish