AUD/JPY – 4H – BUY

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 100.6505 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 102.483 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

102.483 – 101.819 – 101.136 – 100.353 – 100.138 – 100.22 —
101.50300 – 101.59600 —
49.855736027202 – 57.759154831975 —
– —
102.48300 – 1763654400

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