AUD/JPY – 4H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 95.98200 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 98.34300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.55400 |
| Next High | 98.34300 |
| Current Price | 97.92000 |
| Next Low | 95.98200 |
| 2nd Low | 95.51400 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers