AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline up.

A continuation of the uptrend up to the next resistance at is certain.

Caution: A possible reversal of the trend in the direction of the support line at 100.586 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Harami Cross’ candle pattern is discovered. The candles form ‘Bearish Harami Cross’. 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 likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).

101.428 – 101.148 – 101.131 – 100.586 – 100.138 – 100.734 —
101.39300 – 101.60700 —
60.11780412415 – 59.657981187394 —
– —
101.42800 – 1763496000

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