EUR/CHF – 1H – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.91495 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 0.92503 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.92503 – 0.92499 – 0.92165 – 0.91495 – 0.92216 – 0.92299 —
0.91755 – 0.91742 —
38.481830239363 – 43.872746235358 —
– —
0.92503 – 1777478400

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –