AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.65038 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.64882 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65091 |
| 2nd High | 0.65051 |
| Next High | 0.65038 |
| Current Price | 0.65259 |
| Next Low | 0.64882 |
| 2nd Low | 0.64769 |
| 3rd Low | 0.64474 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers