Bearish reversal pattern on the EUR/CHF daily chart

FXStreet Algorythms FXStreet

A retracement into the gains of the previous day's gains morphed into a Dark Cloud Cover pattern adding more bearish sentiment to the EUR/CHF daily chart.

This pattern portends a potential resistance zone and an opportunity for traders to position themselves short with additional bearish confirmation: further downside follow through, a gap down, a long black candlestick or a high volume decline within the next one to three days.

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FXStreet Algorythms

FXStreet

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