AUD/JPY – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 113.780428 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 113.208 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

113.208 – 113.237 – 114.438 – 111.933 – 111.315 – 113.919 —
113.22000 – 113.01000 —
60.51806738173 – 45.849015830414 —
– —
113.208 – 1777671000

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