EUR/JPY – 1H – BUY

Next a ‘RSI Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Bullish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar wird voraussichtlich nach unten gehen.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 186.823 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 186.963 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish chart scenario. 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).

186.963 – 187.32 – 187.361 – 186.552 – 186.987 – 186.285 —
186.74800 – 186.59700 —
46.262721852877 – 40.234237074364 —
– —
186.963 – 1776938400

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