EUR/CHF – 30M – SELL

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

A bearish descent downwards to the next support line at 0.93363 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.93547 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93547 – 0.93506 – 0.93554 – 0.93363 – 0.93397 – 0.9321 — 55.782078237746 – 54.258565575319 — 83.105665480034 – 65.21241469747 – 87.352276326039 – 78.865085146786

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