EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 185.477 is considered certain.

Caution: A possible change in the direction of the resistance line at 185.956 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

185.956 – 185.953 – 186.03 – 185.477 – 185.711 – 185.78 —
185.66000 – 185.83100 —
41.363766538821 – 57.076964960076 —
– —
185.956 – 1784280600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –