Japanese Candlesticks Analysis 20.04.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After rebounding from the resistance level in the H4 chart, EURUSD has formed several Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate that the pullback is over and the instrument may continue growing.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has completed several Doji and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while again before starting a new growth.
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