EUR/CHF – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.91769 is certain.

Caution: A possible change in the direction of the resistance level at 0.92106 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.92106 – 0.92106 – 0.92349 – 0.91769 – 0.91805 – 0.91986 —
0.91856 – 0.91902 —
41.14370467338 – 51.153063182478 —
– —
0.92106 – 1782984600

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