EUR/JPY – 4H – BUY

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

A continuation of the bullish trend up to the next resistance line at 185.527 will continue.

Caution: A possible change in the direction of the support zone at 183.749 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 186.315 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 185.527 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

185.527 – 185.859 – 185.391 – 183.749 – 183.166 – 184.289 —
185.03500 – 185.66200 —
51.442440124952 – 62.37561979151 —
– —
185.527 – 1783368000

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