USD/CHF – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.80096 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 0.81198 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.81198 – 0.81012 – 0.81033 – 0.80096 – 0.80777 – 0.80628 —
0.80402 – 0.80467 —
37.443932377596 – 40.895401135211 —
– —
0.81198 – 1782921600

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –