EUR/JPY – 4H – BUY

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 185.816594 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 186.315 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

186.315 – 185.568 – 186.201 – 184.289 – 184.653 – 183.986 —
185.08100 – 185.13200 —
44.473521290743 – 46.854052839893 —
– —
186.315 – 1781625600

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