AUD/JPY – 30M – SELL

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 110.566 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 111.107 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Harami’ candle chart pattern is found. The candles form ‘Bearish Harami’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

111.107 – 111.053 – 111.212 – 110.121 – 110.063 – 110.22 —
110.74400 – 110.90900 —
51.490827977136 – 56.530286825094 —
– —
111.107 – 1772785800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami – – – – – – – – –