AUD/JPY – 30M – SELL

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

A bearish descent downwards to the next support line at 108.041 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 110.658 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. 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%.

110.658 – 110.636 – 110.294 – 109.673 – 109.878 – 109.648 —
109.84600 – 109.67500 —
33.514252380843 – 26.799719559682 —
– —
110.658 – 1770688800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –