EUR/USD – 4H – BUY

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

A continuation of the upward movement up to the next resistance at 1.18343 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.17416 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.18343 – 1.19282 – 1.18377 – 1.17416 – 1.18326 – 1.17651 —
1.17849 – 1.18076 —
42.304119664516 – 47.992433561441 —
– —
1.18343 – 1771804800

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