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Japanese Candlestick Analysis for EURUSD and USDJPY: 19.09.2018

19 september 2018 - Fx4News

EURUSD

On H4, the pair is rising and has reach yet another resistance where it is forming reversal patterns, such as the engulfing pattern, dodji, and harami. These candlestick patterns signal a correction is going to happen before the uptrend continues.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY

On H4, the pair is rising and testing another resistance, at the same time forming reversal patterns, such as dodji, engulfing pattern, and falling star. By analyzing the previous moves, one can assume USDJPY may start forming a new uptrend after a pullback.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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