EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance level at 1.16613 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.16107 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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).

1.16411 – 1.16375 – 1.16269 – 1.16107 – 1.15766 – 1.15841 —
1.16462 – 1.16451 —
62.685067753776 – 57.212558016225 —
– —
1.16411 – 1768813200

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