AUD/JPY – 4H – SELL

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

A bearish trend downwards to the next support line at 109.526 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 113.953 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

113.953 – 112.086 – 111.469 – 109.526 – 109.677 – 108.8 —
113.75800 – 112.78100 —
74.045713982441 – 54.059391123261 —
– —
113.953 – 1773244800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –