AUD/JPY – 1H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 90.36800 will persist.
Caution: A possible trend reversal in the direction of the support level at 88.28100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle pattern is found. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.31600 |
| 2nd High | 91.10100 |
| Next High | 90.36800 |
| Current Price | 90.36100 |
| Next Low | 88.28100 |
| 2nd Low | 86.04000 |
| 3rd Low |
90.36800 – 91.10100 – 91.31600 – 88.28100 – 86.04000 – 86.11200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers