AUD/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 114.1925 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 114.706 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

114.706 – 114.632 – 114.273 – 114.089 – 113.709 – 113.735 —
114.26600 – 114.58100 —
30.91022662558 – 58.571349957365 —
– —
114.706 – 1777347000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –