EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

A descent downwards to the next support line at 182.398 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 183.384 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

183.384 – 183.261 – 183.087 – 182.398 – 182.367 – 182.355 —
182.95400 – 183.29000 —
53.935163764366 – 64.305711324974 —
– —
183.384 – 1772838000

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