EUR/JPY – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance level at 174.498 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 172.13 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

174.498 – 172.67 – 172.698 – 172.13 – 172.451 – 171.112 — 61.903819494263 – 61.036139429098 — 50.744255981376 – 51.938964761423 – 39.968552132614 – 46.767336862509

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