AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 113.3135 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 113.322 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Concealing Baby Swallow’ candlestick chart pattern is discovered. The candles form ‘Concealing Baby Swallow’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.542 |
| 2nd High | 114.438 |
| Next High | 113.322 |
| Current Price | 113.24700 |
| Next Low | 112.189 |
| 2nd Low | 111.933 |
| 3rd Low | 111.315 |
113.322 – 113.208 – 113.237 – 113.296 – 112.189 – 112.288 —
113.84000 – 114.19500 —
78.738352469967 – 48.828659255808 —
– —
113.322 – 1777874400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Concealing Baby Swallow – – – – – – – – –