USD/CHF – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.78778 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.80853 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.79306168 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.80853 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.80853 – 0.80528 – 0.8071 – 0.79914 – 0.79959 – 0.78778 —
0.80646 – 0.79981 —
60.970276427382 – 32.424794809409 —
– —
0.80853 – 1765209600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Double bottom chart pattern – – – – – – – –