EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.

A continuation of the downward movement down to the next support level at 183.452 is considered certain.

Caution: A possible change in the direction of resistance at 184.186 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 183.452 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 184.186 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. 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).

184.186 – 184.63 – 184.613 – 183.452 – 183.86 – 184.174 —
183.78800 – 183.89100 —
29.482071368693 – 46.158531621135 —
– —
184.18600 – 1768525200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double top retreat up – – – – – – – –