USD/CHF – 1H – SELL

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. 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 will continue. Target of the current trend is 0.77398 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.77837 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.77837 – 0.77869 – 0.78171 – 0.77419 – 0.77455 – 0.77383 —
0.77730 – 0.77844 —
50.514502967142 – 53.170521052502 —
– —
0.77837 – 1770332400

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –