AUD/JPY – 1H – SELL

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

A continuation of the downtrend down to the next support line at is expected.

Caution: A possible change in the direction of the resistance level at 109.86700 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

109.86700 – 109.797 – 110.401 – 109.044 – 109.62 – 110.515 —
109.86700 – 109.57200 —
52.147588357375 – 51.377800328255 —
109.86700 – 1774969200 —
– 1774969200

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