AUD/USD – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.70384 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.70751 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.70751 – 0.70793 – 0.7088 – 0.69888 – 0.70006 – 0.69945 —
0.70198 – 0.70107 —
50.07948200617 – 46.009168327788 —
– —
0.70751 – 1781726400

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