AUD/JPY – 1H – BUY

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

A bullish movement up to the next resistance at 107.087 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 106.074 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Then a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

107.087 – 106.882 – 108.996 – 106.074 – 106.072 – 106.294 —
106.83100 – 106.79600 —
51.683668428647 – 49.447039002077 —
– —
107.08700 – 1769504400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Double bottom retreat down – – – – – – – –