EUR/JPY – 4H – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 183.166 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 185.391 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

185.391 – 186.315 – 185.568 – 183.166 – 184.289 – 184.653 —
183.99200 – 184.82400 —
43.076849047553 – 60.388458439017 —
– —
185.391 – 1782129600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –