AUD/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 112.03 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 113.16 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

113.16 – 113.437 – 113.338 – 112.9 – 113.118 – 112.882 —
112.60700 – 112.27400 —
23.067319757821 – 28.963595728198 —
– —
113.16 – 1782176400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – – – – – – – – –