AUD/JPY – 4H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support level at 100.22 is likely expected.

Caution: A possible change in the direction of resistance at 101.819 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.

101.819 – 101.136 – 101.205 – 100.22 – 98.818 – 96.851 —
101.29300 – 101.00600 —
55.691938988015 – 48.446977908203 —
– —
101.81900 – 1763020800

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