EUR/USD – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 1.13241 will continue.

Caution: A possible change in the direction of the resistance zone at 1.16216 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.13241 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 1.16216 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.16216 – 1.15777 – 1.16448 – 1.13241 – 1.14174 – 1.15025 —
1.13720 – 1.14336 —
35.316269517323 – 58.160540455447 —
– —
1.16216 – 1781510400

Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –