AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
An ascent up to the next resistance at 0.63833 will persist.
Caution: A possible counter-trend in the direction of support at 0.63512 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64712 |
| 2nd High | 0.64291 |
| Next High | 0.63833 |
| Current Price | 0.63790 |
| Next Low | 0.63512 |
| 2nd Low | 0.63363 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers