AUD/JPY – 30M – BUY

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 108.171664 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 108.172 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

108.172 – 108.579 – 108.052 – 106.853 – 107.291 – 107.458 —
107.77800 – 107.88900 —
54.97272974609 – 50.757314755973 —
– —
108.17200 – 1769999400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –