AUD/JPY – 30M – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline up.

A bullish movement upwards to the next resistance line at 111.058 will continue.

Caution: A possible counter-trend in the direction of support at 110.258 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

111.058 – 111.298 – 111.469 – 110.258 – 110.912 – 110.984 —
111.03800 – 110.70900 —
51.224893141348 – 37.875550093448 —
– —
111.058 – 1772141400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – – – – – – – – –