EUR/JPY – 30M – SELL

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 182.807 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 184.061 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

184.061 – 184.422 – 184.243 – 182.807 – 183.709 – 183.534 —
183.19300 – 183.23100 —
42.609890005848 – 48.068324185037 —
– —
184.06100 – 1767580200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –