EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 161.99400 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 163.97400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 162.26 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 163.97400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows