USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline downwards

A continuation of the downward movement down to the next support at 158.549 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 158.99000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Then a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which 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 success rate of a ‘Three Black Crows’ going down is 82%.

158.99000 – 158.919 – 159.072 – 158.549 – 158.726 – 157.591 —
158.99000 – 158.98900 —
59.877429869519 – 59.550714733186 —
158.99000 – 1776742200 —
– 1776742200

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