AUD/USD – 30M – BUY

Next a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.71162 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.71162 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern 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’ going up is 75% (Bull Market) & 74% (Bear Market).

0.71162 – 0.70699 – 0.70733 – 0.70727 – 0.70559 – 0.70261 —
0.70824 – 0.70989 —
38.649591376429 – 53.427760380579 —
0.70727 – 1772024400 —
0.71162 – 1772010000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –