AUD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 111.933 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 113.208 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Collapsing Doji Star’ candlestick pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

113.208 – 113.237 – 114.438 – 111.933 – 111.315 – 113.919 —
113.10200 – 113.15200 —
53.828676565263 – 56.593323282204 —
– —
113.208 – 1777671000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Collapsing Doji Star – – – – – – – – –