AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards

A bearish descent downwards to the next support line at 107.458 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 108.481 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 107.5425 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 108.481 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

108.052 – 108.481 – 108.566 – 107.458 – 107.287 – 106.519 —
108.07500 – 108.46900 —
60.440990731572 – 63.336200445523 —
– —
108.05200 – 1769738400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –