AUD/JPY – 30M – BUY

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

The bullish trend up to the next resistance at 113.946 will persist.

Caution: A possible change in the direction of support at 113.679 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 113.9535 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 113.946 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bullish Engulfing’ candlestick pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

113.946 – 113.993 – 114.257 – 113.679 – 113.65 – 113.84 —
113.91500 – 113.85800 —
54.8779258431 – 49.175194873536 —
– —
113.946 – 1777028400

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