EUR/JPY – 1H – SELL

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

187.948 – 187.693 – 187.535 – 187.096 – 187.1 – 187.079 —
187.75700 – 187.22400 —
54.587949630899 – 21.928860552489 —
– —
187.948 – 1776412800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –