EUR/USD – 1H – SELLThen a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.16586 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 1.17024 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17541 |
| 2nd High | 1.17425 |
| Next High | 1.17024 |
| Current Price | 1.16759 |
| Next Low | 1.16725 |
| 2nd Low | 1.16586 |
| 3rd Low | 1.16147 |
1.17024 – 1.17425 – 1.17541 – 1.16725 – 1.16834 – 1.16586 —
1.16910 – 1.16850 —
43.74937415752 – 40.400944823258 —
– —
1.17024 – 1767758400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –