EUR/USD – 4H – SELL

Next a ‘Double top retreat up’ chart formation is discovered. The chart shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to rise.

The currency pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 1.17756 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.18377 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Shooting Star’ candlestick pattern is discovered. The chart shows ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

1.18377 – 1.20821 – 1.17683 – 1.17756 – 1.15766 – 1.16178 —
1.18267 – 1.18214 —
44.184383559189 – 43.334877559006 —
– —
1.18377 – 1770192000

Trading Signals: FOREX – EUR – EUR/USD – USD – Shooting Star – Double top retreat up – – – – – – – –