EUR/USD – 4H – BUY

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

A continuation of the bullish trend up to the next resistance at 1.16683 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.15549 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.1652 – 1.16556 – 1.16053 – 1.15549 – 1.14908 – 1.14682 —
1.16160 – 1.16749 —
55.225466996061 – 68.619054931814 —
– —
1.16520 – 1764590400

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