AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline down.

A descent down to the next support level at 109.016 is expected.

Caution: A possible counter-trend in the direction of resistance at 110.658 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.

110.658 – 110.636 – 110.294 – 109.016 – 109.673 – 109.878 —
109.25100 – 109.29500 —
32.791310791633 – 39.424829428211 —
– —
110.658 – 1770688800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –