AUD/USD – 1H – BUY

In addition a ‘Double top retreat up’ chart pattern is found. The chart shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 0.66486 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.66486 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.66486 – 0.66485 – 0.66236 – 0.66259 – 0.6552 – 0.65358 —
0.66407 – 0.66251 —
44.237018353113 – 43.578930375931 —
– —
0.66486 – 1765180800

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top retreat up – – – – – – – –