AUD/JPY – 30M – SELL

Then a ‘Double bottom retreat down’ chart formation is existing. The chart picture forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

106.837 – 107.087 – 106.882 – 106.396 – 106.074 – 106.449 —
106.80100 – 106.89500 —
53.505263930635 – 59.158605899096 —
– —
106.83700 – 1769535000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – Double bottom retreat down – – – – – – – –