EUR/CHF – 4H – SELL

The combination Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards

The bearish trend downwards to the next support at 0.93201 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.93990 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.93990 – 0.93813 – 0.93906 – 0.93201 – 0.92926 – 0.93133

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows