EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards

A bullish trend up to the next resistance level at 183.643 is expected.

Caution: A possible trend reversal in the direction of the support level at 182.807 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI Bullish Divergence’ indicator layout is discovered. The indicator shows ‘StochRSI Bullish Divergence’. In der Regel bedeutet das ein negatives chart signal. Die Paarung wird wahrscheinlich fallen.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 183.6145 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 183.643 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

183.643 – 183.318 – 184.061 – 182.807 – 183.709 – 183.534 —
183.57200 – 183.25700 —
58.155192199273 – 38.528510469309 —
– —
183.64300 – 1767666600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –