AUD/JPY – 30M – SELL

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

A bearish movement downwards to the next support at 109.756 will persist.

Caution: A possible trend reversal in the direction of resistance at 110.912 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

110.225 – 110.33 – 110.33 – 109.756 – 110.152 – 109.4 —
110.55200 – 110.48600 —
60.181546157651 – 56.990914532756 —
– —
110.225 – 1775259000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –