EUR/JPY – 30M – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 169.86900 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 170.32900 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI cross above 20’ indicator signal is discovered. The indicator shows ‘StochRSI cross above 20’. which could be a positive signal. The currency pair is likely to rise.

Then a ‘Tweezers Top’ candlestick pattern is existing. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

170.32900 – 170.61000 – 169.78600 – 169.86900 – 169.84900 – 169.51700 — 60.904559882454 – 50.896714634381

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – –