EUR/CHF – 30M – SELL

Then a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at 0.93594 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.94182 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.93865 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.94182 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.94182 – 0.94132 – 0.94172 – 0.93594 – 0.93854 – 0.93967

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