AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards

The bullish trend up to the next resistance at 0.70412 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.69945 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.70412 – 0.70751 – 0.70719 – 0.69945 – 0.70537 – 0.70629 —
0.70334 – 0.70078 —
42.111099568208 – 28.873381934385 —
– —
0.70412 – 1781766000

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