AUD/JPY – 4H – SELL

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

A bearish movement down to the next support level at 96.92900 will continue.

Caution: A possible counter-trend in the direction of resistance at 98.73100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 97.971788 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 98.73100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download AUD/JPY Signal Image

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