AUD/JPY – 1H – SELL

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

A bearish movement downwards to the next support at is certain.

Caution: A possible change in the direction of resistance at 106.325 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

106.325 – 106.711 – 106.693 – 105.867 – 105.582 – 106.171 —
106.06300 – 106.08400 —
41.517761114317 – 45.637472427505 —
– —
106.32500 – 1768500000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Head and Shoulder chart pattern – – – – – – – –