AUD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 112.03 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 112.89 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

112.89 – 112.534 – 112.834 – 112.03 – 112.176 – 112.317 —
112.74200 – 112.86000 —
50.773399373267 – 58.728601636568 —
– —
112.89 – 1781231400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – – – – – – – – –