AUD/JPY – 30M – SELL

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

A descending movement down to the next support at 112.8 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 113.444 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency 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%.

113.444 – 113.088 – 113.351 – 112.8 – 112.84 – 112.541 —
113.14700 – 113.19300 —
56.363902455947 – 54.899176873969 —
– —
113.444 – 1781820000

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