EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) goes from the bearish trendline down.

A continuation of the downtrend down to the next support line at 1.15097 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.15659 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.15659 – 1.1645 – 1.1667 – 1.15097 – 1.15313 – 1.16025 —
1.15111 – 1.15259 —
32.605029990877 – 49.109345562987 —
1.15097 – 1773360000 —
1.15659 – 1773325800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –