AUD/JPY – 30M – SELL

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

A bearish movement downwards to the next support line at 100.957 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 101.50300 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 100.928 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 101.50300 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

101.50300 – 101.47 – 101.364 – 100.957 – 100.353 – 100.602 —
101.50300 – 101.30900 —
63.35625212097 – 49.392752534794 —
101.50300 – 1764032400 —
– 1764032400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –