AUD/USD – 1H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance line at 0.71475 is certain.

Caution: A possible reversal of the trend in the direction of support at 0.71098 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.71475 – 0.70934 – 0.70944 – 0.71098 – 0.70769 – 0.70287 —
0.71665 – 0.71733 —
74.945038158048 – 73.717961370185 —
– —
0.71475 – 1776186000

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