EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 1.05821 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 1.05118 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05821 |
| Current Price | 1.05784 |
| Next Low | 1.05118 |
| 2nd Low | 1.04961 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers