AUD/JPY – 4H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 95.79700 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 98.43800 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.55400 |
| 2nd High | 98.72700 |
| Next High | 98.43800 |
| Current Price | 97.10600 |
| Next Low | 95.79700 |
| 2nd Low | 95.51400 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows