AUD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 110.184 will persist.

Caution: A possible trend reversal in the direction of the support level at 108.041 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘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).

110.184 – 109.547 – 108.579 – 108.041 – 109.076 – 106.853 —
109.73400 – 110.26800 —
63.290637199382 – 70.869706524509 —
– —
110.184 – 1770213600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – – – – – –