EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.93072 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.93566 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93806 |
| 2nd High | 0.93730 |
| Next High | 0.93566 |
| Current Price | 0.93111 |
| Next Low | 0.93072 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93566 – 0.93730 – 0.93806 – 0.93349 – 0.93412 – 0.93504
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows –