AUD/JPY – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

The bearish trend downwards to the next support line at 109.878 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 110.787 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 109.414 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 110.787 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

110.787 – 110.184 – 109.547 – 109.878 – 109.648 – 108.041 —
110.61600 – 110.45800 —
63.075184960778 – 52.931207515624 —
– —
110.787 – 1770598800

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