AUD/USD – 30M – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.70202316 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.70499 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle pattern is found. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.70499 – 0.69701 – 0.70315 – 0.69351 – 0.6908 – 0.69202 —
0.70079 – 0.70074 —
54.638076538005 – 45.547234235016 —
– —
0.70499 – 1770111000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – Double top retreat up – – – – – – – –