AUD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support level at 110.272 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 111.771 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 110.272 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 111.771 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

111.771 – 112.381 – 113.209 – 110.272 – 111.158 – 112.183 —
111.18000 – 111.11900 —
45.700890642789 – 45.377830887098 —
– —
111.771 – 1774285200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –