EUR/JPY – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 182.807 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 183.643 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

183.643 – 184.061 – 184.422 – 182.807 – 183.709 – 183.534 —
183.55900 – 183.25800 —
53.320263614094 – 42.580115824852 —
– —
183.64300 – 1767664800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double bottom chart pattern – – – – – – – –