EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1.18095 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.18494 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ” indicator layout is detected. The indicator is ”. which is often a bullish signal. The currency pair is likely to rise.

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Next a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.18494 – 1.187 – 1.18846 – 1.18458 – 1.18585 – 1.18473 —
1.18462 – 1.18260 —
47.361644172714 – 26.289999179973 —
– —
1.18494 – 1771327800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –