EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards

The bearish trend downwards to the next support line at 185.19200 is certain.

Caution: A possible change in the direction of the resistance zone at 185.552 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Tweezers Top’ candlestick pattern is found. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

185.552 – 185.468 – 185.568 – 185.19200 – 184.653 – 185.048 —
185.46900 – 185.86200 —
55.169969924478 – 66.142200552667 —
185.19200 – 1781481600 —
185.552 – 1781254800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –