AUD/JPY – 1H – SELL

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

A continuation of the downtrend down to the next support line at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 97.08000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 95.904 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 97.08000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows