USD/CHF – 30M – SELL

In addition a ‘Double bottom retreat down’ chart layout is existing. The chart forms ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to fall.

The pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards

A descent downwards to the next support level at 0.79109 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.79408 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.79408 – 0.79411 – 0.7942 – 0.79109 – 0.7908 – 0.79169 —
0.79620 – 0.79580 —
53.294084772631 – 58.320875318421 —
– —
0.79408 – 1767355200

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – Double bottom retreat down – – – – – – – –