Dow theory stated that a trend could be bearish if it makes higher low and lower lows respectively.
Now here EURJPY after making its all time high it started making lower highs and lower lows and by this bearish engulfing candlestick pattern it seems it make it s new lower high now it will make new lower low.
Now here EURJPY after making its all time high it started making lower highs and lower lows and by this bearish engulfing candlestick pattern it seems it make it s new lower high now it will make new lower low.