EUR/CHF – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.91037 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.91363 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Belt Hold’ chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91608 |
| 2nd High | 0.91448 |
| Next High | 0.91363 |
| Current Price | 0.91141 |
| Next Low | 0.91037 |
| 2nd Low | |
| 3rd Low |
0.91363 – 0.91448 – 0.91608 – 0.91037 – 0.91163 – 0.9107 —
0.91185 – 0.91178 —
44.344516227223 – 42.367206528418 —
0.91037 – 1771286700 —
0.91363 – 1771246800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – – – – – – – – –