EUR/CHF – 30M – SELLAnd also a ‘Hanging Man’ candlestick pattern is detected. The chart shows ‘Hanging Man’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hanging Man’ heading down is 59% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94398 |
| 2nd High | 0.94193 |
| Next High | 0.94186 |
| Current Price | 0.93494 |
| Next Low | 0.93489 |
| 2nd Low | 0.93423 |
| 3rd Low | 0.93297 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Hanging Man