EUR/JPY – 30M – SELL

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

The bearish trend downwards to the next support line at 183.767 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 185.205 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 184.67214 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 185.205 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

185.205 – 184.185 – 183.842 – 183.767 – 183.482 – 182.715 —
185.03300 – 185.19100 —
69.714341017838 – 74.333410118217 —
– —
185.20500 – 1768901400

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