AUD/JPY – 30M – BUY

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 110.184 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 110.184 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

110.184 – 109.547 – 108.366 – 108.822 – 106.853 – 107.291 —
109.90200 – 109.49200 —
47.621751301381 – 35.69354459166 —
– —
110.184 – 1770215400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Double top retreat up – – – – – – – –