EUR/JPY – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

The bearish trend downwards to the next support line at 178.97 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candle pattern is detected. The candles show ‘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 success rate of a ‘Three Black Crows’ going down is 82%.

178.819 – 178.228 – 176.453 – 178.97 – 175.697 – 176.631 —
181.42600 – 181.65200 —
80.042687671512 – 66.12773381401 —
– —
178.81900 – 1761825600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – –