AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards

A bearish trend down to the next support line at 106.853 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 109.547 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

109.547 – 108.579 – 108.566 – 106.853 – 107.291 – 106.519 —
110.16900 – 109.90200 —
72.392902994658 – 50.725956842916 —
– —
109.547 – 1770109200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –