AUD/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance at 111.053 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 110.063 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. which is a positive 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 ‘Bullish Engulfing’ going up is 63%.

111.053 – 111.212 – 111.042 – 110.063 – 110.22 – 109.92 —
110.76200 – 110.98600 —
60.058070225087 – 66.647363394202 —
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111.053 – 1772722800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Engulfing – – – – – – – – –