EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline downwards

A bearish trend downwards to the next support level at 179.765 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 182.005 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

182.005 – 180.288 – 180.018 – 179.765 – 179.773 – 179.598 —
180.45600 – 181.12100 —
45.448557083096 – 64.93672965738 —
– —
182.00500 – 1763654400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double bottom retreat down – – – – – – – –