EUR/USD – 1H – BUY

Next a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘StochOSC Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.17963 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 1.17963 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.17963 – 1.17849 – 1.17412 – 1.1676 – 1.17149 – 1.17184 —
1.17515 – 1.17564 —
55.331567665086 – 52.488002169562 —
– —
1.17963 – 1778072400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –