USD/JPY reverse with a "bearish evening star"

The USD/JPY rally has ended with this reversal pattern. The"bearish evening star" reversal pattern requires a bullish rally followed by a small spinning top candlestick and a sell-off. The pattern works best when the sell-off penetrates the majority of the bullish candlestick where the pattern began.

In this situation, price is now below the opening price of the first candle in the pattern making this an excellent example of a "bearish evening star".

Follow me on Twitter: @sealionllc.com

Receive my trading signals for free

Website: www.sealionllc.com