AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 109.547 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 108.822 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The 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%.

109.547 – 108.366 – 108.172 – 108.822 – 106.853 – 107.291 —
109.16900 – 109.38000 —
52.851642942075 – 56.884653419014 —
– —
109.547 – 1770111000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –