AUD/JPY – 4H – SELL

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

A descending movement down to the next support level at 93.96000 will continue.

Caution: A possible change in the direction of the resistance zone at 94.88600 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

94.88600 – 94.84800 – 94.68000 – 93.96000 – 93.84100 – 93.79900 — 74.762402474576 – 73.306847100826 — 41.804063947424 – 66.066272281655 – 24.764158264396 – 40.45286488635

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Triple top chart pattern – –