EUR/CHF – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.92135 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.92299 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.92299 – 0.92301 – 0.92578 – 0.92135 – 0.91789 – 0.92346 —
0.92264 – 0.92306 —
55.735891217592 – 62.683406162684 —
– —
0.92299 – 1763384400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – –