AUD/JPY – 30M – SELL

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

A descent downwards to the next support level at 112.994 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 114.305 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

114.305 – 113.322 – 113.208 – 112.994 – 112.913 – 112.366 —
113.36200 – 113.58100 —
56.968228265572 – 63.212486546589 —
– —
114.305 – 1778047200

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