AUD/JPY – 4H – SELL

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

A continuation of the downtrend down to the next support line at 95.79700 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 98.43800 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows