AUD/JPY – 1H – SELL

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

A bearish movement downwards to the next support at 108.873 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 109.761 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Collapsing Doji Star’ candlestick pattern is existing. The candles form ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

109.761 – 108.723 – 108.731 – 108.873 – 108.85 – 107.842 —
109.75100 – 110.06700 —
63.586727704254 – 60.338167604143 —
– —
109.761 – 1771491600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Collapsing Doji Star – Rising Wedge Chart Pattern – – – – – – – –