EUR/USD – 4H – SELL

The combination Euro/US Dollar (EUR/USD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 1.14841 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.16394 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16394 – 1.16158 – 1.1667 – 1.14841 – 1.14427 – 1.14104 —
1.15647 – 1.15475 —
42.285149363223 – 40.433872274494 —
– —
1.16394 – 1774281600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –