EUR/JPY – 1H – BUY

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Bullish Engulfing’ chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

162.63200 – 162.27700 – 162.80100 – 161.23900 – 161.49400 – 161.28900

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Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing