EUR/JPY – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 178.851 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 182.005 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

182.005 – 178.819 – 178.228 – 179.765 – 178.97 – 175.697 —
180.25200 – 180.85400 —
40.648957840291 – 49.103195404248 —
– —
182.00500 – 1763654400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double bottom chart pattern – – – – – – – –