AUD/JPY – 30M – SELL

Besides a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The 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 93.23200 is certain.

Caution: A possible change in the direction of resistance at 93.90700 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

93.90700 – 94.71000 – 94.58500 – 93.23200 – 93.30100 – 94.19000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows