AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 0.65073 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.64337 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.649165 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.65073 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65496 |
| 2nd High | 0.65271 |
| Next High | 0.65073 |
| Current Price | 0.64668 |
| Next Low | 0.64337 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers