AUD/JPY – 1H – SELL

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

A descent downwards to the next support line at 94.56400 is expected.

Caution: A possible change in the direction of the resistance zone at 95.36500 is also possible.
Consider stop-loss settings accordingly.

Then a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. 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).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700 — 43.177982813693 – 39.837607895624 — 65.981920259325 – 75.301519231534 – 50.594989314946 – 62.749853791798

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – – –