EUR/CHF – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.90462 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.901505 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.90462 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.90462 – 0.90498 – 0.90469 – 0.9021 – 0.90228 – 0.90301 —
0.90401 – 0.90417 —
49.550312914689 – 52.46903649669 —
– —
0.90462 – 1773199800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –