EUR/JPY – 1H – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline downwards

The bearish trend down to the next support level at 187.096 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 187.693 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

187.693 – 187.535 – 186.879 – 187.096 – 187.1 – 187.079 —
187.54300 – 187.94800 —
54.566415092524 – 70.080282496278 —
– —
187.693 – 1776286800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –