EUR/JPY – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 184.728 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 185.673 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Inside Down’ chart pattern is existing. The chart shows ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

185.673 – 185.813 – 185.775 – 184.728 – 185.522 – 184.843 —
184.94300 – 185.02700 —
34.155611503009 – 46.00435746033 —
– —
185.673 – 1783652400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –