EUR/JPY – 30M – SELL

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 182.58601 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 184.327 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. which is a negative signal. The currency 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).

183.087 – 183.123 – 183.223 – 182.355 – 182.112 – 182.472 —
182.96800 – 183.23000 —
57.87369099456 – 69.382128492337 —
– —
183.087 – 1772722800

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