AUD/JPY – 30M – SELL

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

A bearish descent down to the next support level at 113.799 is certain.

Caution: A possible counter-trend in the direction of resistance at 114.224 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency 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%.

114.224 – 114.293 – 114.149 – 113.799 – 113.687 – 113.633 —
113.97300 – 114.17200 —
37.271988864582 – 59.028357405433 —
– —
114.224 – 1776855600

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