EUR/JPY – 1H – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance at 184.276 is certain.

Caution: A possible counter-trend in the direction of the support level at 183.336 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. this is a bullish pattern 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%.

184.276 – 183.739 – 183.572 – 183.336 – 183.184 – 183.231 —
183.66500 – 183.76100 —
50.753270180726 – 52.88525375641 —
– —
184.27600 – 1770001200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –