EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 0.93349 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.93806 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.93325 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.93806 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.93806 – 0.94014 – 0.94277 – 0.93349 – 0.93412 – 0.93504

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Double bottom chart pattern