USD/CHF – 1H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.87952 will persist.
Caution: A possible change in the direction of the resistance zone at 0.88478 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Line Strike – Bearish’ candle chart pattern is discovered. The candles show ‘Three Line Strike – Bearish’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88943 |
| 2nd High | 0.88868 |
| Next High | 0.88478 |
| Current Price | 0.88373 |
| Next Low | 0.87952 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Line Strike – Bearish