EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline downwards

A bearish trend down to the next support level at 185.386 is expected.

Caution: A possible change in the direction of the resistance zone at 186.094 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

186.094 – 185.815 – 185.977 – 185.386 – 185.622 – 185.179 —
186.13300 – 186.16700 —
69.670597439785 – 57.392924325594 —
– —
186.094 – 1780392600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – – – – – – – – –