AUD/JPY – 30M – BUY

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.

A continuation of the bullish trend up to the next resistance level at 102.483 will continue.

Caution: A possible counter-trend in the direction of the support level at 100.342 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

101.741 – 101.503 – 101.47 – 100.342 – 100.957 – 100.353 —
101.78500 – 101.90700 —
67.357916238655 – 72.086466392555 —
– —
101.74100 – 1764149400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –