AUD/JPY – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards

The bearish trend down to the next support level at 94.58200 will continue.

Caution: A possible change in the direction of resistance at 96.49300 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency 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%.

96.49300 – 95.36500 – 94.63700 – 94.58200 – 94.56400 – 94.45700 — 48.433550112272 – 47.812223775464 — 1.0736914385593 – 0 – 8.4517555635607 – 3.2002663420623

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