AUD/USD – 1H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 0.69294 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.68837 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘Bearish SBS White Lines’ chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.69156 – 0.69294 – 0.6904 – 0.68837 – 0.68823 – 0.68649 —
0.69037 – 0.69232 —
51.086357499113 – 54.718991891508 —
– —
0.69156 – 1782921600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –