EUR/JPY – 4H – BUYThere is also a ‘Double bottom chart pattern’ chart formation is existing. The chart shows ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
An ascent upwards to the next resistance at will continue.
Caution: A possible reversal of the trend in the direction of the support level at 172.451 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
There is also a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 172.86500 |
| Next Low | 172.451 |
| 2nd Low | 171.112 |
| 3rd Low | 168.456 |
172.67 – 172.698 – 172.598 – 172.451 – 171.112 – 168.456 — 45.500672022591 – 51.176293007004 — 20.316913044281 – 32.539089844578 – 15.349857760059 – 22.117938213302
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double bottom chart pattern – –