AUD/JPY – 4H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A bearish movement down to the next support level at 96.306 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 98.759 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

97.425 – 96.195 – 96.493 – 96.306 – 94.397 – 93.96 — 43.114741236134 – 38.907578177103 — 5.2429378531073 – 0 – 8.4608397031129 – 5.1042428270743

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