USD/JPY – 1H – BUYThen a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Then a ‘Double top chart pattern’ chart layout is detected. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 151.30100 |
| Next High | 151.20700 |
| Current Price | 149.87600 |
| Next Low | 148.69800 |
| 2nd Low | 148.60100 |
| 3rd Low | 148.17400 |
151.20700 – 150.74100 – 150.94000 – 148.69800 – 150.05600 – 149.54700
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji