EUR/USD – 1H – SELL

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

A continuation of the downward movement down to the next support line at 1.14776 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.16192 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.16192 – 1.16216 – 1.15891 – 1.14776 – 1.15745 – 1.15567 —
1.15204 – 1.14854 —
30.213467453699 – 24.240637638319 —
– —
1.16192 – 1781636400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –