EUR/JPY – 4H – SELL

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

A bearish movement downwards to the next support at 182.631 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 184.918 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘%K cross below 0.8’ indicator layout is existing. The indicator is ‘%K cross below 0.8’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 184.378268 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 184.918 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

184.422 – 184.918 – 183.153 – 182.631 – 182.807 – 183.412 —
185.28200 – 185.56800 —
74.77740582732 – 60.009227479454 —
– —
184.42200 – 1767326400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –