USD/CHF – 30M – SELL

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

A bearish trend down to the next support at 0.77984 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.78433 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.78433 – 0.78249 – 0.78312 – 0.77984 – 0.78062 – 0.77982 —
0.78372 – 0.78425 —
57.088348462142 – 61.756468414785 —
– —
0.78433 – 1776344400

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Belt Hold – – – – – – – – –