AUD/JPY – 4H – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance level at 102.483 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

102.483 – 101.819 – 101.136 – 100.342 – 100.353 – 100.138 —
102.13100 – 102.35000 —
66.260502057536 – 63.369051216605 —
– —
102.48300 – 1763654400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –