EUR/JPY – 30M – SELL

Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 185.118 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 186.201 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

186.201 – 186.11 – 185.696 – 185.696 – 185.342 – 185.528 —
186.14200 – 185.25300 —
67.497840485914 – 26.689270534334 —
– —
186.201 – 1780660800

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