AUD/JPY – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards

A descending movement downwards to the next support level at 105.908 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 106.817 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

106.817 – 106.325 – 106.711 – 105.908 – 105.209 – 105.867 —
106.41800 – 106.58300 —
58.384953558829 – 60.885010428764 —
– —
106.81700 – 1768899600

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