EUR/JPY – 30M – SELL

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 181.6665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 182.278 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Identical 3 Crows’ candle pattern is detected. The chart forms ‘Identical 3 Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Identical 3 Crows’ heading down is 79% (Bull Market) & 72% (Bear Market).

182.278 – 181.938 – 182.532 – 181.12 – 181.241 – 180.801 —
181.92900 – 182.29400 —
65.928638722886 – 75.172648947049 —
– —
182.278 – 1770980400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Identical 3 Crows – – – – – – – – –