EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at 1.16719 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17644 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.17644 – 1.17589 – 1.17795 – 1.16719 – 1.17129 – 1.17199 —
1.16918 – 1.16897 —
40.228869223635 – 46.133029242879 —
– —
1.17644 – 1767331800

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –