EUR/JPY – 4H – SELL

Then a ‘Double top chart pattern’ chart formation is discovered. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A bearish movement down to the next support level at 183.283 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 184.422 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

184.422 – 184.918 – 183.153 – 183.412 – 183.283 – 181.565 —
183.95000 – 183.64300 —
47.182179855768 – 43.757254427229 —
– —
184.42200 – 1767326400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top chart pattern – – – – – – – –