EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline downwards

A bearish descent downwards to the next support line at 179.598 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 180.018 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

180.018 – 179.968 – 178.741 – 179.598 – 178.97 – 177.733 —
180.09300 – 180.28800 —
61.272915335444 – 61.203986889688 —
– —
180.01800 – 1763431200

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