AUD/JPY – 30M – SELL

There is also a ‘Double bottom retreat down’ chart pattern is found. The chart picture shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support level at 93.94000 will persist.

Caution: A possible change in the direction of resistance at 94.41000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

94.41000 – 94.83400 – 94.54700 – 93.94000 – 93.93800 – 94.16500

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down