AUD/JPY – 1H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
The bearish trend down to the next support line at 94.56400 is certain.
Caution: A possible change in the direction of the resistance line at 95.36500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Tweezers Top’ candle chart pattern is found. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 95.64000 |
| Next High | 95.36500 |
| Current Price | 94.63800 |
| Next Low | 94.56400 |
| 2nd Low | 94.32900 |
| 3rd Low | 94.11700 |
95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top –