USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 0.78718 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.79936 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.79936 – 0.80074 – 0.80178 – 0.78718 – 0.79147 – 0.79811

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down –