AUD/JPY – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 111.3765 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 113.953 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Harami’ candlestick chart pattern is found. The candles show ‘Bearish Harami’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

113.953 – 112.086 – 111.469 – 111.48 – 109.526 – 109.677 —
111.91000 – 112.98700 —
41.850395866811 – 55.959436891273 —
– —
113.953 – 1773244800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami – – – – – – – – –