AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.
A descent downwards to the next support level at 93.51400 will continue.
Caution: A possible counter-trend in the direction of resistance at 95.30700 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.74300 |
| 2nd High | 95.39200 |
| Next High | 95.30700 |
| Current Price | 94.70200 |
| Next Low | 93.51400 |
| 2nd Low | 92.80500 |
| 3rd Low | 92.46400 |
93.32700 – 93.54400 – 92.80900 – 93.51400 – 92.80500 – 92.46400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows