Japanese Candlesticks Analysis 14.09.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues growing; it has reached the resistance level again and right now is forming Doji and Harami reversal patterns there. At the moment, it may be assumed that these patterns indicate that the instrument may be corrected before continuing its rising tendency.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after breaking the resistance level, USDJPY is being corrected again and forming Engulfing and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback, the instrument may continue its ascending tendency.
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