EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) goes from the descending trendline up.

A bullish trend up to the next resistance line at 1.15522 is expected.

Caution: A possible change in the direction of the support line at 1.15008 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.1523591 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 1.15522 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.15522 – 1.15496 – 1.15969 – 1.15008 – 1.1571 – 1.15816 —
1.15522 – 1.15230 —
55.697465509048 – 35.932360356174 —
1.15522 – 1763719200 —
– 1763719200

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –