AUD/JPY – 4H – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at will continue.

Caution: A possible change in the direction of the resistance line at 106.711 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘%K cross below 0.8’ indicator signal is existing. The indicator shows ‘%K cross below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Falling Window’ candlestick chart pattern is found. The chart forms ‘Falling Window’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

106.711 – 105.928 – 105.273 – 105.582 – 104.718 – 104.347 —
106.21600 – 105.80400 —
53.226274094092 – 41.56310699352 —
– —
106.71100 – 1768363200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Falling Window – Double bottom chart pattern – – – – – – – –