AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 105.582 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 106.325 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

106.325 – 106.711 – 106.693 – 105.582 – 106.171 – 105.175 —
106.28300 – 106.13700 —
56.934883750474 – 49.897299799729 —
– —
106.32500 – 1768500000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –