AUD/JPY – 30M – SELL

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

A descending movement downwards to the next support level at 110.662 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 112.08600 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

112.08600 – 111.694 – 111.222 – 110.662 – 109.677 – 110.641 —
112.08600 – 111.88600 —
72.823724111918 – 58.910027646878 —
112.08600 – 1772506800 —
– 1772506800

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