AUD/JPY – 30M – SELL

Furthermore a ‘Inverse Head and Shoulder chart pattern’ chart pattern is found. The chart forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to rise.

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

A descent downwards to the next support level at 109.878 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 110.636 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

110.636 – 110.294 – 110.787 – 109.878 – 109.648 – 108.041 —
110.59600 – 110.45800 —
57.169012639907 – 46.569774832873 —
– —
110.636 – 1770663600

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