AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 97.29300 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 98.73100 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows