EUR/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 184.759 will persist.

Caution: A possible change in the direction of the support level at 183.196 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

184.759 – 184.181 – 182.806 – 183.196 – 183.407 – 181.988 —
184.67300 – 184.76800 —
64.673073130209 – 64.387199394417 —
– —
184.759 – 1772029800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – – – – – – – – –