AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.

The bearish trend down to the next support level at 94.56400 is expected.

Caution: A possible change in the direction of resistance at 95.36500 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candle chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative signal. 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 – – –