EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance at 1.16172 is likely expected.

Caution: A possible change in the direction of the support level at 1.15661 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

1.16172 – 1.15891 – 1.15894 – 1.15661 – 1.15567 – 1.15025 —
1.16090 – 1.16008 —
67.192181255044 – 60.186267167318 —
– —
1.16172 – 1781485200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –