AUD/USD – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.72056644 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.71974 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bullish Engulfing’ chart pattern is discovered. The candles form ‘Bullish Engulfing’. this 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 success rate of a ‘Bullish Engulfing’ going up is 63%.

0.71974 – 0.7217 – 0.722 – 0.71353 – 0.7153 – 0.71677 —
0.71974 – 0.71881 —
70.4328000707 – 57.492551843862 —
0.71974 – 1778005800 —
– 1778005800

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