EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the ascending trendline down.

A bearish movement down to the next support at 1.15626 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.16533 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16533 – 1.15974 – 1.16053 – 1.15816 – 1.15626 – 1.15407 —
1.15924 – 1.15866 —
48.019238207631 – 46.166237466404 —
– —
1.16533 – 1763132400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – Double top chart pattern – – – –