EUR/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 182.039 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 185.035 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

185.035 – 184.031 – 184.402 – 182.039 – 184.508 – 183.661 —
183.60800 – 183.78900 —
26.267087520483 – 47.07354802045 —
– —
185.035 – 1778047200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – – – – – – – – –