AUD/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 100.455 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 101.19300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.30800 |
| 2nd High | 101.27700 |
| Next High | 101.19300 |
| Current Price | 100.56500 |
| Next Low | 100.45500 |
| 2nd Low | 100.13900 |
| 3rd Low | 100.02300 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows