AUD/JPY – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A descending movement down to the next support level at 95.51500 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 96.49300 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. 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 Black Crows’ heading down is 82%.

96.49300 – 95.36500 – 94.63700 – 95.51500 – 94.58200 – 94.56400 — 45.527718892021 – 39.374967799905 — 18.86251393978 – 0 – 39.267596475271 – 18.396085227941

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – –