AUD/JPY – 4H – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards

A descending movement downwards to the next support at 93.96000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 94.88600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

94.88600 – 94.84800 – 94.68000 – 93.96000 – 93.84100 – 93.79900 — 63.708387708404 – 61.185806120559 — 76.79423964937 – 59.127077300357 – 59.255764153238 – 65.017675154172

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – –