EUR/JPY – 4H – SELL

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 183.324132 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 185.568 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

185.568 – 184.422 – 184.918 – 182.631 – 182.807 – 183.412 —
184.67700 – 184.18600 —
51.119720254113 – 43.745230308438 —
– —
185.56800 – 1768377600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double top retreat up – – – – – – – –