USD/CHF – 30M – SELL

The combination US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.7774 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.77929 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Inside Down’ chart pattern is existing. The candles form ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.77929 – 0.78038 – 0.78197 – 0.7774 – 0.77709 – 0.78079 —
0.77813 – 0.77800 —
35.277457438044 – 44.859236125269 —
– —
0.77929 – 1778124600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Inside Down – – – – – – – – –