AUD/JPY – 30M – BUY

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

An ascending movement upwards to the next resistance at 112.885 will persist.

Caution: A possible counter-trend in the direction of support at 111.82200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 112.8875 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 112.885 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three White Soldiers’ candlestick pattern is detected. 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 probability of ‘Three White Soldiers’ going up is 82%.

112.885 – 113.736 – 113.953 – 111.82200 – 112.486 – 112.617 —
112.01800 – 112.30900 —
16.973759978612 – 42.243574623832 —
111.82200 – 1773399600 —
112.885 – 1773379800

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