AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.

A bearish descent down to the next support level at 100.138 is likely expected.

Caution: A possible counter-trend in the direction of resistance at could happen.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 101.02042 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

101.148 – 101.131 – 101.293 – 100.138 – 100.734 – 100.22 —
101.06700 – 101.40800 —
53.99034419957 – 64.811256980181 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Double top chart pattern – – – –