EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 0.93603 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.93967 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.936595 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.93967 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.93967 – 0.93990 – 0.93799 – 0.93603 – 0.93608 – 0.93363

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down