AUD/JPY – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish descent downwards to the next support at 95.51500 will continue.

Caution: A possible change in the direction of the resistance line at 96.49300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

96.49300 – 95.36500 – 94.67800 – 95.51500 – 94.58200 – 94.56400 — 50.075834888291 – 44.050860775265 — 57.799503201841 – 27.879948041294 – 74.286517323367 – 55.166624887005

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