EUR/JPY – 1H – SELL

And also a ‘Double bottom chart pattern’ chart formation is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.

The combination Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline down.

A bearish trend down to the next support line at 178.97 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at could be enabled.
Consider stop-loss settings accordingly.

And also a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.

And also a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

179.968 – 178.741 – 178.446 – 178.97 – 177.733 – 176.276 —
179.62900 – 179.93900 —
53.636034557272 – 62.81232694866 —
– —
179.96800 – 1763114400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – – – –