EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.92884 will continue.
Caution: A possible change in the direction of the resistance zone at 0.93239 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93255 |
| 2nd High | 0.93242 |
| Next High | 0.93239 |
| Current Price | 0.92962 |
| Next Low | 0.92884 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows