AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 110.121 is certain.

Caution: A possible change in the direction of the resistance zone at 110.965 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

110.965 – 111.107 – 111.053 – 110.121 – 110.063 – 110.22 —
110.90900 – 110.56200 —
56.530286342928 – 43.168223702667 —
– —
110.965 – 1772834400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – – – – – – – – –