AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.
A descending movement down to the next support at 100.29700 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 101.13800 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.55400 |
| 2nd High | 101.14200 |
| Next High | 101.13800 |
| Current Price | 100.45200 |
| Next Low | 100.29700 |
| 2nd Low | 99.48200 |
| 3rd Low | 99.41200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows