EUR/JPY – 30M – SELL

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 183.982 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 184.421 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Inside Down’ candle pattern is existing. The chart forms ‘Three Inside Down’. 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 chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

184.421 – 184.493 – 184.768 – 183.697 – 183.82 – 183.196 —
183.98100 – 184.44300 —
49.140687487002 – 65.723193850325 —
– —
184.421 – 1772121600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Inside Down – Double top chart pattern – – – – – – – –