EUR/JPY – 30M – BUY

Next a ‘Double top retreat up’ chart pattern is detected. The chart shows ‘Double top retreat up’. which is a positive pattern signal. The pair is likely to go up.

The pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline up.

A bullish ascent up to the next resistance at 182.806 will continue.

Caution: A possible trend reversal in the direction of the support zone at 182.008 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 182.264768 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 182.806 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candle pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

182.806 – 183.096 – 183.045 – 182.169 – 182.218 – 182.312 —
182.43900 – 182.14100 —
38.464778324109 – 29.049568654178 —
– —
182.806 – 1771846200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Double top retreat up – – – – – – – –