AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline up.
A bullish ascent up to the next resistance at 100.30800 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 99.48200 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish 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 White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.13800 |
| 2nd High | 101.02600 |
| Next High | 100.30800 |
| Current Price | 99.73400 |
| Next Low | 99.48200 |
| 2nd Low | 99.41200 |
| 3rd Low | 99.08000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers