AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline up.

A continuation of the bullish trend up to the next resistance line at 0.70962 will persist.

Caution: A possible trend reversal in the direction of the support line at 0.70535 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.70962 – 0.70856 – 0.70969 – 0.70669 – 0.70535 – 0.70431 —
0.70754 – 0.70550 —
44.958089441793 – 25.927128129257 —
– —
0.70962 – 1771237800

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