EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards

A descent downwards to the next support level at 185.249 is considered certain.

Caution: A possible change in the direction of the resistance level at 185.552 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘StochOSC Bearish Divergence’ indicator signal is found. The indicator shows ‘StochOSC Bearish Divergence’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

185.552 – 185.468 – 185.433 – 185.249 – 184.653 – 185.048 —
185.47500 – 185.69200 —
54.501222127914 – 65.440380835752 —
– —
185.552 – 1781256600

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