AUD/JPY – 1H – BUY

And also a ‘Double bottom chart pattern’ chart formation is discovered. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards

An ascending movement up to the next resistance level at 105.089 will persist.

Caution: A possible change in the direction of support at 104.558 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.11300 – 105.16800 —
58.18825557243 – 50.153904834626 —
– —
105.08900 – 1767582000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –