EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 182.312 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 182.686 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

182.686 – 183.153 – 182.539 – 182.312 – 182.008 – 181.409 —
182.57900 – 183.04500 —
56.130249440305 – 65.02586084289 —
– —
182.686 – 1771551000

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