AUD/JPY – 30M – SELL

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

A bearish trend down to the next support at 100.353 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 101.503 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 100.6244 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 101.503 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

101.503 – 101.47 – 101.364 – 100.957 – 100.353 – 100.602 —
100.95500 – 101.01000 —
32.775472335965 – 38.401913405281 —
– —
101.50300 – 1764032400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Rising Wedge Chart Pattern – – – – – – – –