AUD/JPY – 1H – SELL

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

A descending movement downwards to the next support level at 94.56400 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 95.36500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Tweezers Top’ candle chart pattern is existing. The chart forms ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700 — 43.177982813693 – 39.837607895624 — 65.981920259325 – 75.301519231534 – 50.594989314946 – 62.749853791798

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – – –