EUR/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 169.86900 is expected.

Caution: A possible change in the direction of the resistance level at 170.32900 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI cross above 20’ indicator layout is existing. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading 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 – Triple top chart pattern – –