EUR/JPY – 4H – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards

A descending movement down to the next support line at 184.321 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 185.813 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

185.813 – 185.527 – 185.859 – 184.321 – 183.749 – 183.166 —
185.99400 – 185.95300 —
68.21106994244 – 57.202544460587 —
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185.813 – 1783612800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –