EUR/JPY – 4H – SELL

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

A bearish movement downwards to the next support at 184.653 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 187.554 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochRSI Bearish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar tendiert eventuell nach unten.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 185.67826 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 187.554 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. 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).

185.568 – 186.201 – 186.2 – 184.653 – 183.986 – 185.118 —
185.94300 – 186.31300 —
58.014627815435 – 62.336209508171 —
– —
185.568 – 1781107200

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