EUR/JPY – 30M – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
A descent down to the next support level at 156.04200 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 158.63300 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.97600 |
| 2nd High | 158.89000 |
| Next High | 158.63300 |
| Current Price | 156.90000 |
| Next Low | 156.04200 |
| 2nd Low | 155.14800 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows