EUR/CHF – 1H – SELL

Next a ‘Double bottom retreat down’ chart pattern is existing. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

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 level at 0.91033 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.91323 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.912615 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.91323 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.91323 – 0.91414 – 0.9149 – 0.91033 – 0.9105 – 0.91243 —
0.91248 – 0.91449 —
51.148415915164 – 62.640717775356 —
– —
0.91323 – 1772024400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – Double bottom retreat down – – – – – – – –