AUD/JPY – 1H – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.

A bearish movement down to the next support line at 94.56400 will continue.

Caution: A possible counter-trend in the direction of resistance at 95.36500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Tweezers Top’ candlestick pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

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 – –