EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.92978 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93504 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93766 |
| 2nd High | 0.93694 |
| Next High | 0.93504 |
| Current Price | 0.93468 |
| Next Low | 0.92978 |
| 2nd Low | 0.92750 |
| 3rd Low | 0.92550 |
0.93504 – 0.93694 – 0.93766 – 0.92978 – 0.93225 – 0.93113
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows