AUD/JPY – 4H – SELL

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 109.526 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 113.209 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

113.209 – 113.953 – 112.086 – 110.272 – 111.158 – 111.48 —
110.08800 – 109.78700 —
27.44592057235 – 36.157547549624 —
– —
113.209 – 1773806400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –