AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards

A bullish movement up to the next resistance line at 0.70239 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.69803 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.70499 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.70239 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘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 success rate of a ‘Three White Soldiers’ going up is 82%.

0.70239 – 0.70499 – 0.69701 – 0.69803 – 0.69351 – 0.6908 —
0.70225 – 0.70209 —
58.334037671531 – 51.438193200123 —
– —
0.70239 – 1770141600

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