USD/CHF – 4H – SELLThe combination US Dollar/Swiss Franc (USD/CHF) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.82151 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82498 |
| 2nd High | 0.82479 |
| Next High | 0.82151 |
| Current Price | 0.79691 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.82151 – 0.82479 – 0.82498 – 0.80555 – 0.81567 – 0.81877
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows –