AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards

A descending movement downwards to the next support at 94.56400 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 95.36500 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Tweezers Top’ candlestick pattern is existing. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 – – –