EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 159.56200 is certain.
Caution: A possible change in the direction of the resistance line at 160.33800 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.70500 |
| Next High | 160.33800 |
| Current Price | 158.33400 |
| Next Low | 159.56200 |
| 2nd Low | 159.24900 |
| 3rd Low | 159.09000 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows