EUR/CHF – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.91602 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.91808 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.91808 – 0.91729 – 0.91808 – 0.91602 – 0.91537 – 0.91442 —
0.91711 – 0.91651 —
41.929816335417 – 46.500604703148 —
0.91602 – 1770399000 —
0.91808 – 1770373800

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