AUD/JPY – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

The bearish trend downwards to the next support level at 108.041 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 110.787 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Inside Down’ candle pattern is discovered. The chart forms ‘Three Inside Down’. which is a negative chart scenario. 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 Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

110.787 – 110.184 – 108.996 – 108.041 – 106.519 – 106.072 —
109.56600 – 109.26000 —
44.064134084688 – 46.996519552464 —
– —
110.787 – 1770595200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –