AUD/JPY – 1H – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards

A bearish descent down to the next support line at 102.094 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 102.842 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

Next a ‘StochRSI Hidden Bearish Divergence’ indicator signal is found. The indicator shows ‘StochRSI Hidden Bearish Divergence’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 102.174 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 102.842 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

102.842 – 102.505 – 102.495 – 102.094 – 102.096 – 102.013 —
102.39300 – 102.56900 —
43.779616908491 – 56.762822634755 —
– —
102.84200 – 1764831600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –