AUD/USD – 4H – BUY

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

An ascending movement upwards to the next resistance level at 0.69631 is certain.

Caution: A possible change in the direction of the support level at 0.68594 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.701 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.69631 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.69631 – 0.7123 – 0.71871 – 0.68594 – 0.68329 – 0.69102 —
0.68964 – 0.69228 —
44.908375764991 – 51.042656938656 —
– —
0.69631 – 1775044800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –