AUD/USD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 0.71324 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.71095 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ candlestick pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.71324 – 0.71893 – 0.71863 – 0.71095 – 0.71012 – 0.71505 —
0.71902 – 0.72009 —
67.89827879979 – 74.155023204644 —
– —
0.71324 – 1777518000

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