EUR/JPY – 1H – SELL

Next a ‘Double top chart pattern’ chart pattern is existing. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

Next a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

169.85900 – 169.80500 – 169.39500 – 168.70300 – 168.62400 – 168.55300

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – Double top chart pattern