AUD/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 114.1925 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 114.706 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

114.706 – 114.632 – 114.273 – 114.089 – 113.709 – 113.735 —
114.25700 – 114.50900 —
32.387193895377 – 55.033546401319 —
– —
114.706 – 1777347000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –