EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance at 169.28400 is certain.

Caution: A possible counter-trend in the direction of the support line at 168.74900 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

And also a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

169.28400 – 169.20700 – 169.39500 – 168.74900 – 168.55300 – 168.08100

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom chart pattern