Japanese Candlesticks Analysis 17.04.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After reaching the resistance level in the H4 chart, EURUSD has formed several Doji, Harami, and Long-Legged Doji reversal patterns there. Judging by the previous movements, at the moment it may be assumed that these pattern won’t make the price reverse and the instrument will continue growing towards the next resistance level.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after finishing another correction towards the support level, USDJPY has completed several Doji and Hammer reversal patterns. Judging by the previous movements, it may be assumed that the pullback is over and the instrument may continue growing.
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