EUR/JPY – 4H – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 183.166 will continue.

Caution: A possible change in the direction of the resistance level at 185.391 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The 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%.

185.391 – 186.315 – 185.568 – 183.166 – 184.289 – 184.653 —
184.77000 – 185.09300 —
50.643863332086 – 63.101243358269 —
– —
185.391 – 1782129600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –