AUD/JPY – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A descending movement down to the next support level at 111.284 will persist.

Caution: A possible change in the direction of the resistance level at 113.953 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ” indicator layout is detected. The indicator is ”. which is often a bearish chart signal. The currency pair could go down.

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In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

113.953 – 113.624 – 111.757 – 111.284 – 110.121 – 110.063 —
112.65600 – 112.44400 —
33.046228083664 – 41.822959936601 —
– —
113.953 – 1773252000

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