AUD/JPY – 4H – SELL

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

A bearish movement down to the next support level at 100.342 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 102.483 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

102.483 – 101.819 – 101.136 – 100.342 – 100.353 – 100.138 —
102.02400 – 102.30300 —
64.659401875533 – 67.796994075213 —
– —
102.48300 – 1763654400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Inverse Head and Shoulder chart pattern – – – – – – – –