AUD/JPY – 30M – BUY

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 100.9785 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 101.148 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

101.148 – 101.131 – 101.293 – 100.13800 – 100.6 – 100.769 —
100.53200 – 100.58600 —
25.356565069484 – 43.97073501441 —
100.13800 – 1763445600 —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up – – – –