USD/JPY – 1H – SELL

Also there is a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 156.365162 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 156.803 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

156.803 – 157.295 – 156.998 – 156.293 – 156.16 – 156.112 —
156.78600 – 156.83800 —
60.263281658105 – 52.812576421762 —
– —
156.80300 – 1767751200

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