EUR/JPY – 1H – SELL

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

A descent downwards to the next support line at 184.802 is considered certain.

Caution: A possible change in the direction of the resistance level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 184.894692 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. 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%.

185.536 – 184.63 – 185.568 – 184.802 – 184.818 – 182.715 —
185.11700 – 185.70200 —
51.092149229122 – 66.405596670238 —
– —
185.53600 – 1768960800

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