EUR/JPY – 1H – BUY

Then a ‘Double bottom chart pattern’ chart formation is detected. The chart picture forms ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 165.456 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

165.45600 – 165.28300 – 164.67000 – 164.62100 – 164.54900 – 162.87000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji