AUD/JPY – 1H – SELL

Besides a ‘Double bottom retreat down’ chart pattern is found. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support line at 104.558 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 105.273 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.24800 – 105.33800 —
55.87096766542 – 60.97827147517 —
– —
105.08900 – 1767582000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Double bottom retreat down – – – – – – – –