AUD/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 100.304476 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 101.02600 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.14200 |
| 2nd High | 101.13800 |
| Next High | 101.02600 |
| Current Price | 100.47600 |
| Next Low | 100.29800 |
| 2nd Low | 100.04700 |
| 3rd Low | 99.48200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows