EUR/JPY – 1H – SELL

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.

186.874 – 186.963 – 187.32 – 186.553 – 186.413 – 186.552 —
186.99700 – 186.92800 —
59.407940399004 – 50.282850794169 —
– —
186.874 – 1777039200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –