EUR/JPY – 4H – SELL

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. 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 will persist. Current target is 183.2325 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 184.599 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

184.599 – 184.333 – 183.827 – 182.045 – 181.866 – 182.024 —
184.25800 – 184.07100 —
48.938158421264 – 47.235618717796 —
– —
184.599 – 1774425600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –