EUR/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 169.86900 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 170.32900 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI cross above 20’ indicator signal is detected. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. which is a bearish 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 – – –