EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 183.644 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 184.63 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

184.63 – 184.613 – 184.677 – 184.174 – 184.284 – 185.064 —
184.47900 – 184.05700 —
47.971258298653 – 28.412976145863 —
– —
184.63000 – 1768473000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –