AUD/JPY – 30M – SELL

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

The bearish trend downwards to the next support at 106.294 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 107.198 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

107.198 – 106.782 – 106.585 – 106.294 – 105.973 – 105.908 —
107.01100 – 107.09900 —
57.01981488938 – 65.020539504159 —
– —
107.19800 – 1769016600

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