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 line at 109.48 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 106.853 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ going up is 82%.

109.48 – 109.638 – 109.525 – 107.967 – 108.641 – 108.559 —
108.21800 – 108.06200 —
40.628077162064 – 45.177988667742 —
– —
109.48 – 1770908400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –