AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at will continue.
Caution: A possible trend reversal in the direction of the support line at 0.69010 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.69780 |
| Next Low | 0.69010 |
| 2nd Low | 0.68339 |
| 3rd Low | 0.67271 |
0.69404 – 0.69312 – 0.67468 – 0.69010 – 0.69068 – 0.68339 —
0.69160 – 0.69735 —
47.156327570813 – 73.916350872169 —
0.69010 – 1769508000 —
0.69404 – 1769454000
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –