EUR/JPY – 30M – SELL

Next a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 184.2575 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 184.653 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Falling Window’ candlestick chart pattern is discovered. The chart forms ‘Falling Window’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

184.653 – 184.339 – 184.471 – 183.862 – 183.864 – 183.967 —
184.48900 – 184.52000 —
64.526138108272 – 59.725995039398 —
– —
184.653 – 1774638000

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