Japanese Candlesticks Analysis 21.02.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has completed the correction and formed several Inverted Hammer and Doji reversal patterns. At the moment, it may be assumed that the correction is over and the instrument may rebound from the support level to update its closest highs.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, the correction continues. USDJPY has formed several Hanging Man and Harami reversal patterns. These candlesticks may indicate that the pullback may complete soon and the price may start trading to the downside to update its closest lows.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.