AUD/JPY – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 113.49 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 114.369 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

114.369 – 114.242 – 113.408 – 113.065 – 113.83 – 113.011 —
114.04000 – 114.08400 —
62.222477663063 – 57.382507033785 —
– —
114.369 – 1776412800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –