AUD/JPY – 1H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A bearish trend down to the next support level at 94.56400 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 95.36500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 95.64000 |
| Next High | 95.36500 |
| Current Price | 94.63800 |
| Next Low | 94.56400 |
| 2nd Low | 94.32900 |
| 3rd Low | 94.11700 |
95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700 — 43.177982813693 – 39.837607895624
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – Triple top chart pattern –