EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.91214 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.91365 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.91365 – 0.91506 – 0.91279 – 0.91214 – 0.91179 – 0.91033 —
0.91253 – 0.91284 —
43.666443801988 – 52.490408752823 —
– —
0.91365 – 1772150700

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