AUD/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 106.993 is considered certain.

Caution: A possible change in the direction of support at 106.396 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

106.993 – 107.138 – 106.837 – 106.396 – 106.074 – 106.449 —
107.49300 – 107.81600 —
72.437009482252 – 81.186906512217 —
– —
106.99300 – 1769589000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –