USD/JPY – 30M – BUY

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

The bullish trend upwards to the next resistance line at 158.79 is certain.

Caution: A possible counter-trend in the direction of the support level at 158.014 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

158.79 – 159.653 – 159.803 – 158.014 – 159.013 – 158.253 —
158.77600 – 158.59600 —
56.925401401312 – 46.97023559313 —
– —
158.79 – 1774335600

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –