EUR/CHF – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.93224 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.93879 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.93879 |
| Current Price | 0.93388 |
| Next Low | 0.93224 |
| 2nd Low | 0.92755 |
| 3rd Low | 0.92717 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down