EUR/JPY – 30M – SELL

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 183.879924 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 184.611 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

184.611 – 184.689 – 184.548 – 183.741 – 183.63 – 183.927 —
184.03100 – 184.32700 —
40.732091176079 – 55.968429130019 —
– —
184.611 – 1772470800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –