AUD/JPY – 30M – BUYBesides a ‘Bullish Meeting Lines’ chart pattern is discovered. The candles show ‘Bullish Meeting Lines’. this 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 ‘Bullish Meeting Lines’ going up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 98.74700 |
| Next High | 98.72700 |
| Current Price | 98.13600 |
| Next Low | 97.73700 |
| 2nd Low | 97.42700 |
| 3rd Low | 95.79700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Meeting Lines