AUD/JPY – 30M – SELL

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 111.757 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 111.757 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish SBS White Lines’ candle pattern is detected. The chart forms ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

111.757 – 110.965 – 111.107 – 110.749 – 110.232 – 110.121 —
111.70200 – 111.50000 —
62.987135959932 – 46.656702492077 —
– —
111.757 – 1773093600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –