AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 91.6 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 91.60000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.30700 |
| 2nd High | 93.13100 |
| Next High | 91.60000 |
| Current Price | 91.24400 |
| Next Low | 90.54800 |
| 2nd Low | 89.63300 |
| 3rd Low | 89.56300 |
91.04900 – 91.60000 – 91.02900 – 90.54800 – 90.68000 – 89.63300
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji