EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.93906 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.94278 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Inside Down’ candlestick pattern is discovered. The candles show ‘Three Inside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94278 |
| Current Price | 0.93944 |
| Next Low | 0.93906 |
| 2nd Low | 0.93483 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Inside Down