AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards

A bearish descent down to the next support line at 94.22500 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 94.55700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Then a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

94.55700 – 94.88600 – 94.54200 – 94.22500 – 93.96000 – 94.22600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Head and Shoulder chart pattern