EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 184.326 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 183.685 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Concealing Baby Swallow’ candle pattern is detected. The candles form ‘Concealing Baby Swallow’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 186.869 |
| Next High | 183.685 |
| Current Price | 182.97400 |
| Next Low | 182.099 |
| 2nd Low | 181.783 |
| 3rd Low | 181.565 |
183.685 – 186.869 – 186.012 – 182.099 – 181.783 – 184.802 —
182.83200 – 183.11800 —
36.849697301776 – 47.429289923366 —
– —
183.68500 – 1769506200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Concealing Baby Swallow – – – – – – – – –