AUD/JPY – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 109.62 will continue.

Caution: A possible change in the direction of the resistance level at 110.401 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

110.401 – 110.318 – 111.158 – 109.62 – 110.515 – 110.343 —
109.76000 – 109.49500 —
39.661318345181 – 30.89282650006 —
– —
110.401 – 1774638000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –