USD/CHF – 4H – SELL

The currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.78306 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.79247 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.79247 – 0.78763 – 0.78454 – 0.78306 – 0.77749 – 0.779 —
0.79247 – 0.78223 —
73.678119036763 – 33.259545219722 —
0.79247 – 1777492800 —
– 1777492800

Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish Engulfing – – – – – – – – –