AUD/JPY – 4H – SELL

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 109.882 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 112.086 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Shooting Star’ candlestick pattern is discovered. The chart shows ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

112.086 – 111.469 – 110.067 – 109.52600 – 109.677 – 108.8 —
110.90900 – 111.21200 —
48.181789058935 – 55.233876263881 —
109.52600 – 1772553600 —
112.086 – 1772496000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Shooting Star – Rising Wedge Chart Pattern – – – – – – – –