EUR/JPY – 1H – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline downwards

A descending movement downwards to the next support line at 171.50100 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 172.59800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

172.21600 – 172.59800 – 170.61000 – 171.50100 – 170.96400 – 169.84900 — 53.898271505335 – 49.959345193492 — 59.204590564814 – 39.285368704084 – 60.394543937251 – 55.494471274675

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – –