USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline down.

A continuation of the downward movement down to the next support level at will continue.

Caution: A possible change in the direction of the resistance zone at 0.82344 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Tweezers Top’ candle pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.82344 – 0.82327 – 0.82417 – 0.80555 – 0.81846 – 0.82036

Trading Signals: FOREX – USD – USD/CHF – CHF – Tweezers Top