EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.92045 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93653 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Line Strike – Bearish’ candle pattern is existing. The candles show ‘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 chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93933 |
| 2nd High | 0.93697 |
| Next High | 0.93653 |
| Current Price | 0.93139 |
| Next Low | 0.92045 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bearish