AUD/JPY – 30M – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 110.912 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 109.756 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. 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).

110.225 – 110.33 – 110.33 – 109.756 – 110.152 – 109.4 —
110.53800 – 110.50000 —
72.154245963936 – 57.128758151064 —
– —
110.225 – 1775259000

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