AUD/JPY – 30M – SELL

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

A descending movement downwards to the next support at 114.089 is certain.

Caution: A possible change in the direction of resistance at 114.632 should be noted.
Consider stop-loss settings accordingly.

Then a ” indicator layout is detected. The indicator is ”. this is usually a bearish signal. The currency pair could go down.

!

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Bearish Belt Hold’ candle pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

114.632 – 114.273 – 113.946 – 114.089 – 113.709 – 113.735 —
114.56400 – 114.62800 —
65.280663378544 – 63.508507039923 —
– —
114.632 – 1777321800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –