EUR/JPY – 1H – BUYThen a ‘Bullish Tri-Star’ chart pattern is discovered. The candles form ‘Bullish Tri-Star’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.33800 |
| Next High | 158.89000 |
| Current Price | 158.68600 |
| Next Low | 157.55500 |
| 2nd Low | 156.17400 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Tri-Star