AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance at 109.816 will persist.

Caution: A possible counter-trend in the direction of the support zone at 108.041 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

109.816 – 109.955 – 110.184 – 108.041 – 108.664 – 109.076 —
109.73400 – 110.09000 —
67.318362654951 – 69.465055181114 —
– —
109.816 – 1770285600

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