USD/JPY – 4H – BUY

Then a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.

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

A bullish trend up to the next resistance level at 146.28400 will continue.

Caution: A possible counter-trend in the direction of the support level at 142.52800 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

144.39000 – 146.28400 – 148.64800 – 142.52800 – 142.37500 – 142.11100

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji