AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 95.51600 is expected.

Caution: A possible trend reversal in the direction of resistance at 95.84300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

95.84300 – 96.06900 – 96.49300 – 95.51600 – 95.58000 – 95.51500 — 53.57030801145 – 50.624745934816 — 79.291234492577 – 76.977832011389 – 85.307210810567 – 80.105303595236

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – –