EUR/USD – 4H – SELL

And also a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.16260554 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.17683 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.17683 – 1.1698 – 1.18077 – 1.15766 – 1.16178 – 1.16586 —
1.17683 – 1.17402 —
77.378717174848 – 56.833734245648 —
1.17683 – 1768910400 —
– 1768910400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –