AUD/JPY – 30M – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A continuation of the downtrend downwards to the next support line at 113.254 is likely expected.

Caution: A possible change in the direction of the resistance line at 113.581 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

113.581 – 114.305 – 113.322 – 113.254 – 112.994 – 112.913 —
113.43700 – 113.34000 —
53.526644189233 – 46.941991673912 —
– —
113.581 – 1778158800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –