USD/CHF – 1H – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A descending movement down to the next support at 0.90386 will continue.
Caution: A possible reversal of the trend in the direction of resistance at is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Evening Star’ candle chart pattern is found. The candles form ‘Evening Star’. which 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 ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.91149 |
| Next Low | 0.90386 |
| 2nd Low | 0.90227 |
| 3rd Low | 0.90099 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Evening Star