USD/CHF – 4H – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards

The bearish trend downwards to the next support level at 0.7946 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.80716 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.79936 – 0.79998 – 0.80137 – 0.7946 – 0.79282 – 0.79035 —
61.019022995437 – 59.307619708103 —
88.657465147862 – 76.934429425863 – 91.073706479406 – 85.551876364658

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Head and Shoulder chart pattern – –