AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards

The bearish trend down to the next support line at 110.501 will continue.

Caution: A possible change in the direction of the resistance line at 111.222 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

111.222 – 111.058 – 111.298 – 110.501 – 110.258 – 110.912 —
110.85200 – 111.21500 —
41.485138756921 – 62.821847384699 —
– —
111.222 – 1772184600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –