EUR/JPY – 30M – SELL

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 183.189 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 184.241 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

184.241 – 184.333 – 182.989 – 183.178 – 183.534 – 182.045 —
183.79100 – 183.86800 —
41.877801659282 – 49.326091550871 —
– —
184.241 – 1774287000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –