AUD/JPY – 1H – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 107.842 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 108.731 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

108.731 – 108.886 – 109.48 – 107.842 – 107.849 – 107.678 —
108.33500 – 108.60600 —
40.993667116826 – 59.10049516173 —
– —
108.731 – 1771290000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Double bottom retreat down – – – – – – – –