The Euro / Swiss Franc pair (EUR / CHF) started to show
bearish signs when it generated a lower high of 1.63676 in July...
Long term investors, for example, often consider
it a bearish sign when stocks drop below the 50 - or 200 - day moving average.
Not exact matches
The best setups, however, occur
when the
bearish engulfing pattern pierces the level and then returns because this is often a
sign that the market makers are performing a stop run to set up a reversal (see the image above).