EUR/CHF – 30M – SELL

In addition a ‘Double bottom retreat down’ chart layout is discovered. The chart picture forms ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to go down.

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

A bearish movement down to the next support line at 0.93489 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.93598 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.93598 – 0.93466 – 0.93399 – 0.93489 – 0.9334 – 0.93262 —
0.93597 – 0.93647 —
64.511081393337 – 60.063429286483 —
– —
0.93598 – 1764885600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –