AUD/JPY – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

The bearish trend down to the next support at 113.84 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 114.257 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

114.257 – 114.251 – 114.224 – 113.84 – 113.839 – 113.799 —
114.09400 – 113.91600 —
48.51506319713 – 39.32464599163 —
– —
114.257 – 1776943800

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