AUD/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 97.354272 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 98.73100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

Download AUD/JPY Signal Image

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