AUD/USD – 1H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 0.70187 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.69123 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Tri-Star’ candlestick chart pattern is found. The chart shows ‘Bullish Tri-Star’. 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 chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

0.69922 – 0.69492 – 0.69645 – 0.69123 – 0.69233 – 0.69332 —
0.69983 – 0.70077 —
66.262755756014 – 65.666452857698 —
– —
0.69922 – 1784052000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Tri-Star – – – – – – – – –