EUR/JPY – 30M – SELL

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

184.276 – 184.067 – 183.739 – 183.184 – 182.079 – 183.082 —
183.91000 – 183.73200 —
54.122010133813 – 47.602477506172 —
– —
184.27600 – 1770001200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Head and Shoulder chart pattern – – – – – – – –