AUD/JPY – 1H – SELL

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

A descent down to the next support at 94.56400 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 95.36500 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Tweezers Top’ candle pattern is detected. The chart shows ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top –