EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.

An ascent upwards to the next resistance level at 183.61 will continue.

Caution: A possible change in the direction of support at 183.253 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 183.644 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 183.61 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

183.61 – 183.683 – 183.97 – 183.253 – 183.215 – 183.588 —
183.44500 – 183.43100 —
43.918512916993 – 42.947221097421 —
– —
183.61 – 1773345600

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