AUD/JPY – 30M – SELL

Then a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to go up.

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 106.396 will persist.

Caution: A possible change in the direction of resistance at 107.138 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘ ‘ indicator signal is detected. The indicator shows ‘ ‘. this is usually a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

107.138 – 106.837 – 107.087 – 106.396 – 106.074 – 106.449 —
106.88900 – 106.99300 —
54.932237135416 – 55.432808564267 —
– —
107.13800 – 1769567400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – Inverse Head and Shoulder chart pattern – – – – – – – –