EUR/USD – 4H – BUY

The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards

An ascending movement up to the next resistance at 1.17849 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.16546 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘StochRSI Hidden Bullish Divergence’. In der Regel bedeutet das ein negatives chart scenario. Die Paarung wird wahrscheinlich fallen.

Furthermore a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.17849 – 1.17545 – 1.18487 – 1.16546 – 1.16687 – 1.17289 —
1.17485 – 1.16911 —
53.213214392962 – 39.125260361659 —
– —
1.17849 – 1777651200

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