EUR/JPY – 30M – BUY

Next a ‘StochRSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘StochRSI Bullish Divergence’. In der Regel bedeutet das ein negatives chart scenario. Das Paar tendiert eventuell nach unten.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 183.434 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 183.607 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

183.607 – 183.643 – 183.318 – 182.807 – 183.709 – 183.534 —
183.19400 – 183.19800 —
38.584656060257 – 40.378800120559 —
– —
183.60700 – 1767688200

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