AUD/USD – 1H – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 0.72048 will continue.

Caution: A possible trend reversal in the direction of the support line at 0.71012 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

0.72048 – 0.71893 – 0.71995 – 0.71012 – 0.71505 – 0.71107 —
0.72028 – 0.71918 —
65.552226195843 – 56.533103714896 —
– —
0.72048 – 1777611600

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