AUD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 109.677 is certain.

Caution: A possible counter-trend in the direction of resistance at 111.222 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

111.222 – 111.291 – 111.222 – 109.677 – 110.641 – 110.501 —
111.06600 – 111.09700 —
54.794032907688 – 55.079563409237 —
– —
111.222 – 1772420400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –