EUR/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance line at 184.276 is certain.

Caution: A possible counter-trend in the direction of the support level at 183.728 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

183.73 – 184.276 – 184.067 – 183.728 – 183.336 – 183.184 —
184.17000 – 184.34600 —
65.072068588457 – 69.476379025138 —
– —
183.73 – 1770087600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – – – – – – – – –