EUR/JPY – 30M – SELL

Then a ‘Double bottom retreat down’ chart layout is existing. The chart forms ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.

The pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline down.

A bearish movement downwards to the next support level at 182.079 is certain.

Caution: A possible counter-trend in the direction of resistance at 183.739 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Then a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Then a ‘Tweezers Top’ candle chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

183.739 – 183.572 – 183.766 – 182.079 – 183.082 – 182.57 —
183.87100 – 184.06700 —
67.218531815077 – 64.663443423568 —
– —
183.73900 – 1769677200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Double bottom retreat down – – – – – – – –