USD/CHF – 30M – SELLThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.
A bearish movement down to the next support level at 0.82663 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.83346 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85834 |
| 2nd High | 0.85745 |
| Next High | 0.83346 |
| Current Price | 0.82999 |
| Next Low | 0.82663 |
| 2nd Low | 0.82533 |
| 3rd Low | 0.82391 |
0.83119 – 0.83346 – 0.82880 – 0.82663 – 0.82533 – 0.82391