AUD/JPY – 4H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards

The bearish trend down to the next support line at 95.79700 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 98.43800 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 96.201582 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 98.43800 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download AUD/JPY Signal Image

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