AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.

The bullish trend upwards to the next resistance at 0.71223 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 0.70514 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

0.71223 – 0.70972 – 0.71164 – 0.70514 – 0.70445 – 0.70321 —
0.70357 – 0.70202 —
35.479967939068 – 41.960629998097 —
– —
0.71223 – 1772506800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –