EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards

A descent downwards to the next support at 183.196 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 184.759 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

184.759 – 184.181 – 182.806 – 183.196 – 183.407 – 181.988 —
184.66800 – 184.72900 —
61.270186710645 – 61.280469025901 —
– —
184.759 – 1772029800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – – – – – – – – –