EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.93121 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.93342 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Tweezers Top’ candle pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.93342 – 0.93557 – 0.93497 – 0.93121 – 0.93356 – 0.93286 — 63.330796375742 – 57.646056959181 — 72.170418955966 – 69.6893822695 – 76.779118833167 – 72.532969368579

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – Symmetrical Triangle Chart Pattern – –