AUD/JPY – 30M – BUY

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Also there is a ‘Last Engulfing Top’ candlestick pattern is found. The chart shows ‘Last Engulfing Top’. 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 success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

93.54400 – 92.80900 – 92.76300 – 92.46400 – 92.21400 – 92.60500

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Trading Signals: FOREX – AUD – AUD/JPY – JPY – Last Engulfing Top