AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.

A bearish movement down to the next support line at 104.558 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

105.248 – 105.072 – 105.089 – 104.558 – 104.617 – 104.459 —
105.15600 – 105.36100 —
59.554387924127 – 70.267331569546 —
– —
105.24800 – 1767666600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Double top chart pattern – – – – – – – –