AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish trend downwards to the next support line at 97.52200 is expected.
Caution: A possible counter-trend in the direction of resistance at 98.65600 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Harami’ candlestick pattern is found. The chart shows ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 99.16100 |
| Next High | 98.65600 |
| Current Price | 98.13500 |
| Next Low | 97.52200 |
| 2nd Low | 97.49000 |
| 3rd Low | 97.04900 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami