AUD/JPY – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 106.072 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 108.996 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

108.996 – 108.186 – 107.198 – 106.072 – 107.724 – 107.842 —
106.58600 – 106.72300 —
43.837794550913 – 52.671593649294 —
– —
108.99600 – 1769158800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Double bottom chart pattern – – – – – – – –