AUD/JPY – 30M – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 114.486222 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 114.706 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

114.706 – 114.632 – 114.273 – 114.089 – 113.709 – 113.735 —
114.50200 – 114.24700 —
32.09129550573 – 27.392658895535 —
– —
114.706 – 1777347000

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