AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support at 108.777 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 109.867 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

109.867 – 109.797 – 110.401 – 108.777 – 109.044 – 109.62 —
109.57200 – 109.79000 —
51.377800091568 – 53.680944294842 —
– —
109.867 – 1774969200

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