EUR/JPY – 4H – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support at 182.024 is certain.

Caution: A possible change in the direction of resistance at 184.689 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Collapsing Doji Star’ candlestick pattern is found. The chart shows ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

184.689 – 184.768 – 183.153 – 182.024 – 181.988 – 180.816 —
183.63000 – 184.07300 —
52.552123883833 – 62.32983898275 —
– —
184.689 – 1772424000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Collapsing Doji Star – Symmetrical Triangle Chart Pattern – – – – – – – –