EUR/JPY – 4H – BUYThen a ‘Double bottom chart pattern’ chart pattern is discovered. The chart shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at is likely expected.
Caution: A possible trend reversal in the direction of support at 172.451 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Then a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 – –