EUR/JPY – 4H – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.

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

Caution: A possible counter-trend in the direction of the resistance zone at 184.689 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 182.7845 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 184.689 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

184.689 – 184.768 – 183.153 – 182.024 – 181.988 – 180.816 —
183.36800 – 184.01900 —
52.323625828028 – 62.50503332914 —
– —
184.689 – 1772424000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –