AUD/JPY – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards

A bearish descent down to the next support line at 94.58200 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 96.49300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

96.49300 – 95.36500 – 94.63700 – 94.58200 – 94.56400 – 94.45700 — 59.633024141305 – 53.406933895483 — 100 – 91.463684065175 – 99.224980512082 – 97.154561355058

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – –