AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A descending movement downwards to the next support line at 95.76 will continue.
Caution: A possible trend reversal in the direction of resistance at 96.985 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.326 |
| 2nd High | 97.272 |
| Next High | 96.985 |
| Current Price | 96.77100 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 47.686454681248 – 45.085443235457 — 12.888525037522 – 0 – 35.839913926411 – 16.445359284274
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Triple bottom chart pattern – –