EUR/JPY – 4H – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.

A descending movement downwards to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 182.005 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 178.851 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 182.005 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

182.005 – 178.819 – 178.228 – 179.765 – 178.97 – 175.697 —
181.30600 – 181.26800 —
58.979475758838 – 52.589291278861 —
– —
182.00500 – 1763654400

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