AUD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 111.355 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 111.708 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

111.708 – 111.766 – 111.992 – 111.355 – 111.305 – 111.237 —
111.49900 – 111.58400 —
35.756253923824 – 53.069063264736 —
– —
111.708 – 1782727200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –