EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.91364 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91572 should be noted.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.91572 – 0.91756 – 0.91676 – 0.91364 – 0.91451 – 0.91489 —
0.91547 – 0.91558 —
52.916666795273 – 52.480341608674 —
– —
0.91572 – 1778166000

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