USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
A descent down to the next support line at 0.88984 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.89745 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.89745 |
| Current Price | 0.89188 |
| Next Low | 0.88984 |
| 2nd Low | 0.88161 |
| 3rd Low | 0.88106 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows