EUR/JPY – 30M – SELL

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 185.5995 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 185.953 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

185.953 – 186.03 – 186 – 185.711 – 185.78 – 185.207 —
185.82200 – 185.85800 —
48.467434729273 – 54.385890021506 —
– —
185.953 – 1784260800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –