AUD/JPY – 30M – SELL

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 109.414 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 110.787 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

110.787 – 109.816 – 109.955 – 108.041 – 108.664 – 109.076 —
110.73900 – 110.30400 —
75.963480944956 – 54.484277365601 —
– —
110.787 – 1770598800

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