EUR/CHF – 30M – SELL

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

A descent down to the next support level at 0.93691 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.93865 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93829 – 0.93803 – 0.93717 – 0.93691 – 0.93692 – 0.93583 — 55.614145349152 – 51.61125334148 — 41.233254531127 – 22.777121092724 – 52.956749314656 – 38.61759669789

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –