AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.
A bearish movement down to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 105.928 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 105.928 |
| Current Price | 105.38200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.928 – 105.361 – 105.248 – 105.228 – 104.973 – 104.558 —
105.42200 – 105.43800 —
38.359842278846 – 47.251393672045 —
– —
105.92800 – 1767765600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Inverse Head and Shoulder chart pattern – – – – – – – –