USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.

A bearish descent downwards to the next support level at 155.302 will continue.

Caution: A possible trend reversal in the direction of resistance at 155.784 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

155.784 – 155.509 – 154.757 – 155.302 – 154.547 – 153.704 —
155.55800 – 155.95600 —
56.591136847353 – 71.376166284037 —
– —
155.784 – 1770067800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –