AUD/JPY – 4H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance at 108.996 will persist.

Caution: A possible change in the direction of the support level at 106.519 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

108.996 – 106.711 – 105.928 – 106.519 – 106.072 – 105.209 —
107.86100 – 108.49600 —
53.642117023382 – 60.810496879795 —
– —
108.99600 – 1769155200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –