EUR/JPY – 1H – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 180.816 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 182.169 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Tweezers Top’ candlestick pattern is existing. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

182.169 – 182.294 – 182.278 – 180.816 – 181.12 – 180.801 —
181.31400 – 181.72900 —
40.501764612981 – 57.835976396163 —
– —
182.169 – 1771290000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Double bottom chart pattern – – – – – – – –