EUR/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 185.995 will persist.

Caution: A possible trend reversal in the direction of the support line at 183.196 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Bearish Harami Cross’ candlestick chart pattern is detected. The candles form ‘Bearish Harami Cross’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).

184.181 – 182.806 – 183.096 – 183.196 – 181.988 – 182.169 —
184.67400 – 184.64900 —
74.380532486408 – 68.73654161011 —
– —
184.181 – 1771927200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami Cross – – – – – – – – –