USD/CHF – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The combination US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards

The bearish trend down to the next support line at 0.81201 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.81728 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.81728 – 0.81467 – 0.81337 – 0.81201 – 0.80886 – 0.81066

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows