AUD/JPY – 4H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 95.79700 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 98.72700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Tri-Star’ candlestick pattern is existing. The chart forms ‘Bullish Tri-Star’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.55400 |
| Next High | 98.72700 |
| Current Price | 97.97100 |
| Next Low | 95.79700 |
| 2nd Low | 95.51400 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Tri-Star