EUR/JPY – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 184.949 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 185.568 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Tweezers Top’ candle pattern is discovered. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

185.568 – 185.462 – 184.992 – 184.949 – 184.6 – 183.986 —
185.17800 – 185.38500 —
44.517090826978 – 54.545304164891 —
– —
185.568 – 1781107200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –