EUR/CHF – 1H – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The combination Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards

A descending movement downwards to the next support level at 0.93174 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.93465 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.93127 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.93465 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Tweezers Top’ candlestick chart pattern is found. The candles form ‘Tweezers Top’. 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.93465 – 0.93501 – 0.93248 – 0.93174 – 0.93217 – 0.92753 —
0.93213 – 0.93290 —
37.77543640422 – 50.908167932752 —
0.93174 – 1764208800 —
0.93465 – 1764176400

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