EUR/USD – 4H – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.20821 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.20821 – 1.17683 – 1.1698 – 1.15766 – 1.16178 – 1.16586 —
1.19705 – 1.19207 —
61.065560706756 – 42.59447415865 —
– —
1.20821 – 1769544000

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –