EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 1.15712 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.15237 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16304 |
| 2nd High | 1.16267 |
| Next High | 1.15712 |
| Current Price | 1.15717 |
| Next Low | 1.15237 |
| 2nd Low | 1.15048 |
| 3rd Low | 1.14571 |
1.15712 – 1.15636 – 1.16267 – 1.15237 – 1.15048 – 1.15087 —
1.15392 – 1.15693 —
47.562328335352 – 59.119504250975 —
– —
1.15712 – 1775494800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –