AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards

A bullish trend up to the next resistance line at 112.444 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 111.48 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

112.444 – 112.885 – 113.736 – 111.48 – 111.822 – 112.486 —
111.63400 – 111.83000 —
32.895400296466 – 41.130020987751 —
– —
112.444 – 1773415800

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