Japanese Candlestick Analysis for GOLD and NZDUSD: July 19.07.2018, 2018
GOLD
On H4, the gold is again forming reversal patterns, such as hammer, inverted hammer, and harami, after reaching the support. By analyzing the previous moves, one can assume the pair may bounce off and start forming a new uptrend after such a pullback.
NZDUSD
On H4, the NZDUSD is forming an uptrend. Currently, the price is correcting and forming such reversal patterns as hammer, inverted hammer, and engulfment. By analyzing the previous moves, one can assume this is a minor pullback before the ascending move continuation.
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