EUR/CHF – 30M – SELL

Besides a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.

The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards

A bearish descent downwards to the next support at 0.9326 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.93492 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Inside Down’ candle pattern is detected. The chart shows ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.93492 – 0.9354 – 0.93375 – 0.93412 – 0.9326 – 0.93237 — 53.372447646942 – 42.468444285224 — 80.03183778087 – 60.151275980005 – 59.239310231754 – 66.533108025096

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Inside Down – Double top chart pattern – –