EUR/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 183.087 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

183.087 – 183.123 – 183.223 – 182.355 – 182.112 – 182.472 —
183.23000 – 182.99000 —
69.38212813648 – 48.647981981689 —
– —
183.087 – 1772722800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –