AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline upwards
A bullish trend upwards to the next resistance line at 0.63824 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.63512 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64291 |
| 2nd High | 0.63833 |
| Next High | 0.63824 |
| Current Price | 0.63699 |
| Next Low | 0.63512 |
| 2nd Low | 0.63363 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up