USD/JPY – 30M – SELL

The pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline downwards

A descent downwards to the next support level at 158.791 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 159.528 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ” indicator signal is discovered. The indicator shows ”. which could be a negative signal. The pair is likely to go down.

!

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Then a ‘Three Line Strike – Bearish’ candlestick chart pattern is found. The candles show ‘Three Line Strike – Bearish’. 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 chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

159.253 – 158.99 – 158.919 – 158.791 – 158.549 – 158.726 —
159.19500 – 159.50200 —
52.033057166585 – 70.255424858284 —
– —
159.253 – 1776772800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Line Strike – Bearish – – – – – – – – –