AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline upwards

A continuation of the upward movement up to the next resistance level at is certain.

Caution: A possible counter-trend in the direction of the support line at 107.842 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

108.186 – 107.198 – 106.782 – 107.842 – 106.294 – 105.973 —
108.52100 – 108.71500 —
65.174155755419 – 72.913007808929 —
– —
108.18600 – 1769072400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –