AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 0.63021 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.62342 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.6277438 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.63021 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up