EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.

A bearish movement down to the next support at 0.94043 will persist.

Caution: A possible change in the direction of the resistance zone at 0.94463 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.94463 – 0.94314 – 0.93641 – 0.94043 – 0.93993 – 0.93347 — 45.18291101814 – 34.890855870585 — 6.3404369502628 – 6.159422039543 – 9.2210446422807 – 7.3409460756413

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