USD/CHF – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 0.79151 will continue.

Caution: A possible change in the direction of resistance at 0.79945 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.79495754 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.79945 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.79945 – 0.80303 – 0.80762 – 0.79151 – 0.79558 – 0.79937 — 42.126385323172 – 32.785253727539 — 61.301775147929 – 29.322813938199 – 69.994886405143 – 57.108627365038

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Double bottom retreat down – –