AUD/JPY – 30M – SELL

Furthermore a ‘Double bottom retreat down’ chart layout is detected. The chart forms ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.

A bearish descent down to the next support line at 107.842 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 108.186 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

108.186 – 107.198 – 106.782 – 107.842 – 106.294 – 105.973 —
108.62600 – 108.37500 —
68.956739878935 – 42.439933216559 —
– —
108.18600 – 1769072400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –