AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.65065 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.64815 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65496 |
| 2nd High | 0.65271 |
| Next High | 0.65065 |
| Current Price | 0.64976 |
| Next Low | 0.64815 |
| 2nd Low | 0.64709 |
| 3rd Low | 0.64476 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers