Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.649165 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.65073 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.65815 |
2nd High | 0.65496 |
Next High | 0.65073 |
Current Price | 0.64730 |
Next Low | 0.64337 |
2nd Low | |
3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers