EUR/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 158.724432 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 158.89000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.33800 |
| 2nd High | 159.97600 |
| Next High | 158.89000 |
| Current Price | 158.35200 |
| Next Low | 158.22600 |
| 2nd Low | 158.09900 |
| 3rd Low | 157.11600 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers