USD/JPY – 30M – SELL

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

A bearish trend down to the next support at 143.97200 is expected.

Caution: A possible change in the direction of the resistance level at 146.28400 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 144.482312 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 146.28400 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

144.77000 – 144.94500 – 145.08600 – 143.97200 – 143.41700 – 142.77300

Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows