EUR/JPY – 4H – SELL
SELL
88%
▲ Bullish 12% (2.25)
▼ Bearish 88% (16.87)
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Signal evolution
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Triple Top | chart_pattern | 2.67 |
| ▼ | Double Top | chart_pattern | 2.63 |
| ▲ | BBANDS LOWER Retreat Up | indicator | 2.25 |
| ▼ | Trendline Break Down | trendline | 1.99 |
| ▼ | Fibonacci Retreat DownTrend (79%) | fibonacci | 1.69 |
| ▼ | DEMA Retreat Down | indicator | 1.52 |
| ▼ | Trendline Retreat Down | trendline | 1.50 |
| ▼ | HT TRENDMODE Mode to Cycle | indicator | 1.44 |
| ▼ | MIDPOINT Retreat Down | indicator | 1.40 |
| ▼ | Resistance Level Retreat Down | sr | 1.40 |
| ▼ | BOP Zero Cross Down | indicator | 1.36 |
| ▼ | Bearish Harami | candlestick | 1.29 |
| ▼ | MIDPRICE Retreat Down | indicator | 1.19 |
Trend Context
15MUPSolid Trend
30MUPTrend Forming
1HUPChoppy / Sideways
2HUPChoppy / Sideways
4HDOWNChoppy / Sideways
8HUPTrend Forming
12HUPChoppy / Sideways
1DUPChoppy / Sideways
Analysis
🎯 Key Takeaways
- Multiple bearish patterns (Double Top, Triple Top) and a trendline break confirm strong selling pressure on the 4H timeframe.
- The BOP zero cross down and DEMA retreat down indicate momentum is shifting bearish.
- Key support at 185.342 is critical; a break below could trigger further downside, while resistance at 186.660 must hold for bearish bias to remain.
- Higher timeframe trends (daily, 12H) are bullish, creating a potential conflict that could limit the downside.
The EUR/JPY 4H chart shows a confluence of bearish signals, including a Trendline Break Down, Double Top, and Triple Top, which together suggest a strong shift in momentum to the downside. The BOP Zero Cross Down indicates selling pressure, while the BBANDS LOWER Retreat Up suggests a bounce from the lower band that failed, reinforcing bearish sentiment. Despite the 4H timeframe being bearish, the higher timeframes (daily, 12H) remain bullish, creating a potential conflict. The nearest support at 185.342 is a key level to watch; a break below could accelerate the decline, while resistance at 186.660 caps upside. The mix of trendline, candlestick, pattern, and indicator signals provides strong confluence for a bearish move, but the overall bullish trend on higher timeframes poses a risk of reversal.
Catalysts
- ▼ Confluence of multiple bearish patterns (Double Top, Triple Top) and a trendline break down on the 4H chart.
- ▼ BOP zero cross down and DEMA retreat down confirm bearish momentum.
- ▼ Strong signal probability (88%) and very strong strength rating.
- ▼ Retreat from BBANDS lower band suggests failed bounce, reinforcing bearish sentiment.
Risk Factors
- ▲ Higher timeframes (daily, 12H, 8H) are bullish, which could limit the downside or cause a reversal.
- ▲ The 4H trend is choppy/sideways (strength 1/5), indicating lack of strong bearish conviction.
- ▲ Nearby support at 185.342 may act as a floor, preventing further decline.
- ▲ If price breaks above resistance at 186.660, the bearish setup would be invalidated.
Symbol
EUR/JPY
Timeframe
4H
Direction
SELL
Probability
88%
Strength
VERY STRONG
Date
2026-07-28 12:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 186.66000 | 2026-07-23 |
| S1 | 185.34200 | 2026-07-20 |
| S2 | 184.32100 | 2026-07-13 |
| S3 | 183.74900 | 2026-07-02 |
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