AUD/JPY – 1H – SELL

Next a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards

A bearish trend downwards to the next support line at 104.458 will continue.

Caution: A possible change in the direction of the resistance level at 105.089 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K cross below 0.8’ indicator layout is detected. The indicator shows ‘%K cross below 0.8’. which could be a negative signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

105.089 – 105.273 – 104.835 – 104.617 – 104.458 – 104.429 —
105.05800 – 104.79900 —
50.044703484658 – 41.164598599613 —
– —
105.08900 – 1767582000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Double top chart pattern – – – – – – – –