AUD/JPY – 30M – SELL

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

A bearish trend downwards to the next support at 112.18300 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 113.056 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

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

113.056 – 113.209 – 113.077 – 112.18300 – 112.417 – 112.776 —
112.43600 – 112.55000 —
34.774838370992 – 49.956044044754 —
112.18300 – 1773878400 —
113.056 – 1773838800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –