EUR/JPY – 4H – BUYThere is also a ‘Double top retreat up’ chart formation is found. The chart forms ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 184.200458 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 184.422 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 184.918 |
| Next High | 184.422 |
| Current Price | 183.46600 |
| Next Low | 183.283 |
| 2nd Low | 181.565 |
| 3rd Low | 180.091 |
184.422 – 184.918 – 183.153 – 183.412 – 183.283 – 181.565 —
184.10200 – 183.31800 —
49.520083702261 – 34.769132276335 —
– —
184.42200 – 1767326400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double top retreat up – – – – – – – –