USD/CHF – 1H – SELL

The combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 0.76938 is expected.

Caution: A possible change in the direction of the resistance level at 0.77397 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. 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).

0.77397 – 0.77042 – 0.77176 – 0.76938 – 0.76932 – 0.76861 —
0.77314 – 0.77581 —
60.071015604103 – 71.259526315719 —
– —
0.77397 – 1771347600

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