AUD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 104.617 will continue.

Caution: A possible change in the direction of resistance at 105.089 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

105.089 – 105.273 – 104.835 – 104.617 – 104.459 – 104.458 —
104.70200 – 105.07200 —
36.962317761531 – 64.388979276829 —
– —
105.08900 – 1767583800

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