AUD/JPY – 4H – SELL

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

A bearish trend downwards to the next support level at 109.526 is considered certain.

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

Then a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

112.086 – 111.469 – 110.067 – 109.526 – 109.677 – 108.8 —
113.57700 – 113.36100 —
73.136248854033 – 65.862393151249 —
– —
112.086 – 1772496000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – – – – – – – – –