EUR/JPY – 30M – SELL

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

A descent downwards to the next support line at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 186.869 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish 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’ heading down is 79%.

186.869 – 186.012 – 185.762 – 181.783 – 184.802 – 184.818 —
183.58400 – 183.55800 —
64.631271249575 – 62.491035561288 —
– —
186.86900 – 1769160600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Double top chart pattern – – – – – – – –