EUR/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support at 183.991 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 184.2 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. this is a bearish signal. The 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).

184.2 – 184.151 – 184.24 – 183.991 – 183.489 – 183.669 —
184.23100 – 184.18200 —
61.440371692455 – 53.345776422112 —
– —
184.2 – 1775160000

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