EUR/JPY – 1H – SELL

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

A bearish descent downwards to the next support line at 182.112 will persist.

Caution: A possible change in the direction of the resistance zone at 183.261 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Falling Window’ candle pattern is detected. The candles form ‘Falling Window’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

183.261 – 183.087 – 183.123 – 182.112 – 182.372 – 182.024 —
182.63300 – 183.29800 —
37.14174399359 – 64.17854272476 —
– —
183.261 – 1772784000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Falling Window – – – – – – – – –