Japanese Candlesticks Analysis 17.12.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Engulfing, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is once again testing the resistance level and forming Engulfing, Shooting Star, Hanging Man, and Doji 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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