AUD/JPY – 30M – SELL

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

A descent downwards to the next support line at 102.403 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 102.842 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

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

102.842 – 102.505 – 102.495 – 102.403 – 102.094 – 102.096 —
102.54800 – 102.62000 —
47.557303881954 – 51.816329727179 —
– —
102.84200 – 1764831600

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