USD/CHF – 30M – SELL

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

A bearish movement down to the next support at 0.77649 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.78253 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. 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 Black Crows’ going down is 82%.

0.78082 – 0.77919 – 0.77828 – 0.77649 – 0.77478 – 0.77655 —
0.78055 – 0.78205 —
64.520205507408 – 66.350790724891 —
– —
0.78082 – 1773255600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – – – – – – – – –