AUD/JPY – 1H – BUY

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

An ascent up to the next resistance line at 114.369 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 113.065 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 114.369 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 114.369 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which 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 White Soldiers’ going up is 82%.

114.149 – 114.369 – 114.242 – 113.065 – 113.83 – 113.011 —
113.96000 – 113.97900 —
49.467911341494 – 55.164716414787 —
– —
114.149 – 1776744000

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