AUD/JPY – 1H – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 108.559 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 109.638 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 108.559 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 109.638 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

109.638 – 109.525 – 110.658 – 108.559 – 109.016 – 109.878 —
109.15100 – 109.38900 —
40.817008304261 – 49.325452131222 —
– —
109.638 – 1770825600

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