AUD/JPY – 30M – BUY

Then a ‘Double top retreat up’ chart layout is found. The chart picture shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to go up.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 96.19500 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 95.86600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Then a ‘Bullish Belt Hold’ candle chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

96.19500 – 96.16200 – 95.87600 – 95.86600 – 95.74100 – 95.51600 — 38.056077117766 – 48.1800496391 — 5.1989103083994 – 16.366359113086 – 16.678797457386 – 12.388026636936

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – Double top retreat up – –