EUR/JPY – 4H – SELL

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

A bearish descent downwards to the next support level at 181.565 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 184.918 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

184.918 – 183.153 – 182.641 – 183.412 – 183.283 – 181.565 —
184.28000 – 183.77400 —
57.260860410203 – 44.134859716823 —
– —
184.91800 – 1766390400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double bottom retreat down – – – – – – – –