AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards

An ascent upwards to the next resistance level at 110.401 will continue.

Caution: A possible counter-trend in the direction of the support level at 109.044 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Then a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

110.401 – 110.318 – 111.158 – 109.044 – 109.62 – 110.515 —
109.35500 – 109.51200 —
34.427440676724 – 42.418097368978 —
– —
110.401 – 1774638000

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