Japanese Candlesticks Analysis 16.05.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that the price may be corrected for a while and later continue its decline.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has reached another high and formed several Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may be slightly corrected before resuming its growth.
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