AUD/USD – 4H – BUY

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.66172 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.66172 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.65798 – 0.65182 – 0.66172 – 0.64358 – 0.64208 – 0.64582 —
0.66016 – 0.66151 —
74.108394451557 – 69.969582805012 —
– —
0.65798 – 1763020800

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top retreat up – – – – – – – –