USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 152.265 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 153.546 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 152.265 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 153.546 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

153.546 – 153.444 – 154.651 – 152.265 – 152.55 – 152.796 —
153.18300 – 153.14600 —
54.640512775553 – 46.627068463126 —
– —
153.546 – 1770885000

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