AUD/JPY – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

A descent downwards to the next support at 95.51500 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 96.49300 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The 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’ going down is 82%.

96.49300 – 95.36500 – 94.67800 – 95.51500 – 94.58200 – 94.56400 — 50.075834888291 – 44.050860775265 — 57.799503201841 – 27.879948041294 – 74.286517323367 – 55.166624887005

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – –