EUR/CHF – 1H – SELL
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.93484 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.94423 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading up is 78%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94787 |
2nd High | 0.94608 |
Next High | 0.94423 |
Current Price | 0.93675 |
Next Low | 0.93667 |
2nd Low | 0.93547 |
3rd Low | 0.93484 |