EUR/JPY – 4H – BUY

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

An ascending movement upwards to the next resistance line at 184.276 is expected.

Caution: A possible reversal of the trend in the direction of the support line at 182.079 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

184.276 – 183.766 – 186.869 – 182.079 – 181.783 – 182.715 —
184.09000 – 183.88200 —
50.291925605168 – 54.387696249851 —
– —
184.276 – 1769990400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double top retreat up – – – – – – – –