AUD/JPY – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 112.688376 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 114.305 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Harami’ candle chart pattern is found. The candles form ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

114.305 – 113.322 – 113.208 – 112.913 – 112.366 – 113.296 —
113.20700 – 113.20100 —
45.107365904039 – 49.723458710514 —
– —
114.305 – 1778047200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami – – – – – – – – –