AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 100.15100 will persist.
Caution: A possible change in the direction of the resistance zone at 100.67900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.27700 |
| 2nd High | 101.19300 |
| Next High | 100.67900 |
| Current Price | 100.45700 |
| Next Low | 100.15100 |
| 2nd Low | 99.72900 |
| 3rd Low | 99.41200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows