AUD/JPY – 1H – BUY

There is also a ‘Double bottom chart pattern’ chart pattern is detected. The formation shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 94.26067 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at could occur.
Consider stop-loss settings accordingly.

There is also a ‘Bullish Tri-Star’ candlestick chart pattern is found. The chart shows ‘Bullish Tri-Star’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700 — 39.994457103335 – 85.628727516092 — 75.315165563695 – 89.104920358548 – 62.775278067709 – 76.808982971635

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Tri-Star – Double bottom chart pattern – –