Buy AUD/USD – 1H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline upwards

A bullish trend upwards to the next resistance line at 0.63890 is certain.

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

Then a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

Support & Resistance Price Range*
3rd High 0.65043
2nd High 0.64712
Next High 0.63890
Current Price 0.63561
Next Low
2nd Low
3rd Low

Download AUD/USD Signal Image

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