EUR/CHF – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

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

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.91144628 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.91365 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. which 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.91365 – 0.91506 – 0.91279 – 0.91214 – 0.91179 – 0.91033 —
0.91275 – 0.91314 —
50.455899386429 – 51.899698198262 —
– —
0.91365 – 1772150700

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Double top chart pattern – – – – – – – –