AUD/JPY – 1H – SELL

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

The bearish trend downwards to the next support at will persist.

Caution: A possible change in the direction of the resistance line at 102.842 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.

Then a ‘Bullish Engulfing’ candlestick pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

102.842 – 102.505 – 102.495 – 102.094 – 102.096 – 102.013 —
102.37600 – 102.57500 —
45.334854358042 – 53.55038588723 —
– —
102.84200 – 1764831600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Engulfing – – – – – – – – –