USD/JPY – 1H – SELL

Next a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 158.599 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 159.151 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

159.151 – 159.856 – 159.85 – 158.643 – 158.599 – 158.901 —
159.02600 – 158.92700 —
52.444007213428 – 44.897165288849 —
– —
159.151 – 1776265200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –