USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline downwards
A descent downwards to the next support line at 0.88871 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.89168 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.89574 |
| Next High | 0.89168 |
| Current Price | 0.88702 |
| Next Low | 0.88871 |
| 2nd Low | 0.88512 |
| 3rd Low | 0.88246 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows