AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.69766 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick chart pattern is existing. 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 | |
| 2nd High | |
| Next High | |
| Current Price | 0.70899 |
| Next Low | 0.69766 |
| 2nd Low | 0.6901 |
| 3rd Low | 0.68339 |
0.70221 – 0.69404 – 0.69312 – 0.69766 – 0.6901 – 0.69068 —
0.70126 – 0.70495 —
61.268998697324 – 68.125234978981 —
– —
0.70221 – 1769565600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – Inverse Head and Shoulder chart pattern – – – – – – – –