AUD/JPY – 4H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance at is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 105.209 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

106.711 – 105.928 – 105.273 – 105.209 – 105.582 – 104.718 —
106.58500 – 107.65100 —
60.158157832082 – 75.781050915323 —
– —
106.71100 – 1768363200

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