EUR/JPY – 4H – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 183.986 will continue.

Caution: A possible trend reversal in the direction of resistance at 186.315 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 183.986 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 186.315 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

186.315 – 185.568 – 186.201 – 184.289 – 184.653 – 183.986 —
185.19000 – 184.67600 —
49.718726523077 – 39.433057066704 —
– —
186.315 – 1781625600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –