AUD/JPY – 4H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards
A bearish trend down to the next support line at 95.51400 is considered certain.
Caution: A possible change in the direction of resistance at 101.55400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 102.39800 |
| Next High | 101.55400 |
| Current Price | 96.71300 |
| Next Low | 95.51400 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows