AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.
A bearish trend down to the next support at 105.228 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 105.928 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 105.37800 |
| Next Low | 105.228 |
| 2nd Low | 104.973 |
| 3rd Low | 104.558 |
105.928 – 105.361 – 105.248 – 105.228 – 104.973 – 104.558 —
105.49500 – 105.52500 —
42.809840077489 – 49.101702813975 —
– —
105.92800 – 1767765600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Double top chart pattern – – – – – – – –