EUR/CHF – 4H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 0.92859 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.94176 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Harami’ candle pattern is detected. The chart shows ‘Bearish Harami’. 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 probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.94139 |
| Next Low | 0.92859 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami