AUD/USD – 4H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.72772 will continue.
Caution: A possible change in the direction of the support level at 0.71353 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘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 success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.72772 |
| Current Price | 0.72433 |
| Next Low | 0.71353 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.69869 |
0.72772 – 0.72274 – 0.71995 – 0.71353 – 0.71012 – 0.71107 —
0.72500 – 0.72359 —
63.40619693803 – 56.077351940697 —
– —
0.72772 – 1778068800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –