AUD/JPY – 30M – SELL

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

A bearish trend down to the next support at 111.822 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 112.444 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Belt Hold’ chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

112.444 – 112.885 – 113.736 – 111.822 – 112.486 – 112.617 —
112.43800 – 111.88000 —
39.750671019418 – 32.657550923872 —
– —
112.444 – 1773415800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –