AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 97.08000 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 95.51400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 96.525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 97.08000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern 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%.

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers