AUD/JPY – 1H – SELL

Additionally a ‘Double bottom retreat down’ chart formation is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 93.94000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 94.41000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish 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%.

94.41000 – 94.83400 – 93.90700 – 93.94000 – 93.93800 – 93.24000

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