EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards

A descent downwards to the next support at 184.353 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 185.501 is also possible.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

185.501 – 185.277 – 185.241 – 184.353 – 184.552 – 184.691 —
185.71400 – 186.23200 —
70.657408535384 – 82.269697003648 —
– —
185.501 – 1770285600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – Double bottom retreat down – – – – – – – –