AUD/JPY – 30M – SELL

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

The bearish trend down to the next support level at 113.119 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 113.407 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

113.407 – 112.89 – 112.534 – 113.119 – 112.689 – 112.593 —
113.28900 – 113.45200 —
51.452025218782 – 63.711361546472 —
– —
113.407 – 1781510400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –