EUR/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance line at 184.073 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 183.403 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

184.073 – 183.761 – 183.63 – 183.403 – 183.053 – 182.367 —
183.84300 – 183.93500 —
51.587130005689 – 54.676401263727 —
– —
184.073 – 1773205200

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