AUD/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 111.058 could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Three Line Strike – Bearish’ candle pattern is discovered. The candles show ‘Three Line Strike – Bearish’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).

111.058 – 111.298 – 111.469 – 110.258 – 110.912 – 110.984 —
110.77500 – 110.94200 —
39.40539265635 – 50.347753895597 —
– —
111.058 – 1772141400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Line Strike – Bearish – Head and Shoulder chart pattern – – – – – – – –