EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support level at 182.355 will persist.

Caution: A possible change in the direction of the resistance level at 183.261 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 182.383164 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 183.261 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Two Crows’ candlestick pattern is detected. 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’ going down is 54% (Bull Market) & 58% (Bear Market).

183.261 – 183.087 – 183.123 – 182.355 – 182.112 – 182.472 —
182.99000 – 182.71600 —
48.647981564107 – 37.542798306757 —
– —
183.261 – 1772785800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – – – – – – – – –