USD/JPY – 30M – SELL

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

160.372 – 160.593 – 160.585 – 159.95 – 159.538 – 160.421 —
160.30500 – 160.27600 —
53.741937653923 – 50.990422430964 —
– —
160.372 – 1781260200

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – – – – – – – – –