EUR/JPY – 1H – SELL

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

A descending movement down to the next support at 182.807 will continue.

Caution: A possible change in the direction of the resistance zone at 184.061 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

184.061 – 184.422 – 183.977 – 182.807 – 183.709 – 183.534 —
183.40100 – 183.51800 —
50.174020522555 – 52.773594106763 —
– —
184.06100 – 1767578400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –