AUD/USD – 1H – BUY

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.714815 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.71629 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Bullish Engulfing’ candle pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

0.71629 – 0.71758 – 0.71856 – 0.71107 – 0.71363 – 0.71459 —
0.71287 – 0.71470 —
40.869961181342 – 49.248278891603 —
– —
0.71629 – 1776963600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – – – – – – – – –