USD/CHF – 4H – SELL

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.79638856 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.81198 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.81198 – 0.81393 – 0.80126 – 0.80628 – 0.80658 – 0.79097 —
0.80975 – 0.80467 —
51.718950800111 – 35.634365641365 —
– —
0.81198 – 1782921600

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