EUR/JPY – 4H – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 186.869 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 182.079 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

184.276 – 183.766 – 186.869 – 182.079 – 181.783 – 182.715 —
185.16000 – 185.42700 —
70.443593882985 – 60.467010331289 —
– —
184.276 – 1769990400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –