EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards
A bearish descent downwards to the next support line at 172.488 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 173.906 could occur.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 173.906 |
| Current Price | 173.14200 |
| Next Low | 172.488 |
| 2nd Low | 171.234 |
| 3rd Low | 171.113 |
173.906 – 173.264 – 173.21 – 172.488 – 172.714 – 172.751 — 48.623940827685 – 40.252776121515 — 3.6186186186186 – 0 – 6.0716966966967 – 2.8835085085085
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double bottom chart pattern – –