AUD/JPY – 4H – SELL

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

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

A bearish movement downwards to the next support line at 100.138 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 101.819 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Southern Doji’ candlestick chart pattern is found. The candles form ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

101.819 – 101.136 – 101.205 – 100.138 – 100.22 – 98.818 —
102.04000 – 101.65200 —
66.247375388608 – 50.202774514508 —
– —
101.81900 – 1763020800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – Rising Wedge Chart Pattern – – – –