EUR/JPY – 30M – BUY

Then a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.

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

A continuation of the bullish trend up to the next resistance level at is expected.

Caution: A possible reversal of the trend in the direction of the support level at 164.62100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 165.456 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

165.45600 – 165.16600 – 165.28300 – 164.62100 – 164.54900 – 164.33800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji