AUD/JPY – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 113.905724 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 114.438 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

114.438 – 114.542 – 114.703 – 111.315 – 113.919 – 114.074 —
112.71600 – 112.83500 —
31.926202979929 – 41.005523241064 —
– —
114.438 – 1777543200

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