EUR/USD – 4H – BUY

The pair Euro/US Dollar (EUR/USD) goes from the descending trendline up.

A bullish ascent upwards to the next resistance at 1.1698 will persist.

Caution: A possible reversal of the trend in the direction of support at 1.16178 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.1698 – 1.18077 – 1.18037 – 1.16178 – 1.16586 – 1.17025 —
1.16734 – 1.16452 —
47.325499713936 – 38.480092018113 —
– —
1.16980 – 1768219200

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –