EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards

A descending movement down to the next support level at 182.008 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 183.153 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

183.153 – 182.539 – 182.004 – 182.008 – 181.409 – 180.816 —
182.46700 – 182.68600 —
51.851312575715 – 59.361478165429 —
– —
183.153 – 1771488000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – – – – – – – – –