AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance level at 111.469 is certain.

Caution: A possible counter-trend in the direction of the support level at 110.258 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

111.469 – 110.433 – 110.067 – 110.258 – 108.8 – 108.983 —
110.91700 – 111.08700 —
45.492476403438 – 56.041822304362 —
– —
111.469 – 1772053200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – Head and Shoulder chart pattern – – – – – – – –