USD/CHF – 4H – SELL

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

A bearish trend downwards to the next support level at 0.771 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.7772 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.7772 – 0.77397 – 0.773 – 0.771 – 0.76288 – 0.77419 —
0.77657 – 0.77425 —
58.28690321743 – 51.718845101048 —
– —
0.7772 – 1771603200

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –