AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 107.138 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 106.074 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.

107.138 – 107.087 – 106.882 – 106.074 – 106.072 – 106.294 —
106.86700 – 107.64700 —
51.659496720481 – 74.402907726604 —
– —
107.13800 – 1769565600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –