USD/JPY – 1H – SELL

Next a ‘Double bottom retreat down’ chart layout is detected. The formation shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to go down.

Next a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

147.51100 – 145.23100 – 144.24200 – 146.21100 – 144.17900 – 143.44300 — 69.226241423832 – 61.420634071644 — 68.79684418146 – 48.070647301417 – 73.332137947523 – 63.904130057976

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Double bottom retreat down – –