AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 96.16000 is considered certain.
Caution: A possible change in the direction of resistance at 97.14200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency 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 | 98.01100 |
| 2nd High | 97.53600 |
| Next High | 97.14200 |
| Current Price | 96.83100 |
| Next Low | 96.16000 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers