AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards

A bearish movement down to the next support line at 100.342 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 102.483 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. 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 probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

101.503 – 101.47 – 101.364 – 100.342 – 100.957 – 100.353 —
101.67400 – 101.71000 —
69.674206173613 – 67.194197364461 —
– —
101.50300 – 1764032400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –