EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
A bearish movement down to the next support level at 0.93548 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.93806 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Bearish Harami’ candlestick pattern is discovered. The chart shows ‘Bearish Harami’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94278 |
| 2nd High | 0.94053 |
| Next High | 0.93806 |
| Current Price | 0.93614 |
| Next Low | 0.93548 |
| 2nd Low | 0.93538 |
| 3rd Low | 0.93483 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami