EUR/JPY – 30M – SELL

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

The bearish trend downwards to the next support level at 182.218 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 183.045 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

183.045 – 182.686 – 183.153 – 182.218 – 182.312 – 182.008 —
182.79200 – 182.95300 —
49.052755443436 – 58.376315307431 —
– —
183.045 – 1771585200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Double top chart pattern – – – – – – – –