EUR/JPY – 1H – SELL

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

A continuation of the downtrend down to the next support line at 182.367 is considered certain.

Caution: A possible change in the direction of the resistance zone at 183.645 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

183.645 – 183.61 – 184.073 – 183.215 – 183.588 – 183.403 —
183.48300 – 182.91400 —
43.724189507916 – 41.317777433782 —
– —
183.645 – 1773385200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –