AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards
A bearish movement down to the next support at 95.76 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 96.76 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.985 |
| 2nd High | 96.78 |
| Next High | 96.76 |
| Current Price | 96.89400 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.08 – 96.061 – 95.999 – 95.76 – 95.703 – 95.62 — 52.348140879295 – 49.67757721913 — 43.144865484908 – 18.069171568431 – 54.46494071199 – 40.160235462544
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Triple bottom chart pattern – –