AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 109.526 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 110.401 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

110.401 – 110.318 – 111.158 – 109.62 – 110.515 – 110.343 —
109.77300 – 109.65900 —
31.435938606394 – 32.073453584106 —
– —
110.401 – 1774638000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – – – – – – – – –