AUD/USD – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.72274 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.71012 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Also there is a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Up’. 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 Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.72274 – 0.71995 – 0.71856 – 0.71012 – 0.71107 – 0.71298 —
0.71948 – 0.71907 —
43.000296619114 – 52.904264056302 —
– —
0.72274 – 1777651200

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