Japanese Candlesticks Analysis 03.05.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, after finishing several Inverted Hammer and Engulfing reversal patterns, EURUSD is being corrected from the support level again. At the moment, it may be assumed that after the correction is over, the price may continue falling.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has broken the resistance level and formed several Shooting Star and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may be corrected for a while before it resumes growing.
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