AUD/JPY – 4H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.

A bearish movement down to the next support at 104.718 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 105.928 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ” indicator layout is existing. The indicator is ”. this is usually a bearish chart signal. The pair is likely to go down.

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Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Tweezers Top’ candlestick pattern is discovered. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

105.928 – 105.273 – 104.39 – 104.718 – 104.347 – 102.313 —
105.93900 – 106.62300 —
67.309329924665 – 78.373300915196 —
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105.92800 – 1767758400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –