EUR/JPY – 30M – SELLThen a ‘Bearish Belt Hold’ chart pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.02900 |
| 2nd High | 164.82700 |
| Next High | 164.76700 |
| Current Price | 164.57700 |
| Next Low | 164.17500 |
| 2nd Low | 164.02100 |
| 3rd Low | 163.47900 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold