EUR/JPY – 4H – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.

A bullish movement up to the next resistance line at 184.24 is likely expected.

Caution: A possible change in the direction of the support zone at 182.586 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

184.24 – 184.653 – 184.599 – 182.586 – 182.045 – 181.866 —
184.03100 – 184.19300 —
54.213949346497 – 55.956621774715 —
– —
184.24 – 1775059200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –