Japanese Candlestick Analysis for EURUSD and USDJPY: 27.09.2018

27 сентября 2018 - Fx4News

EURUSD

On H4, the pair is rising and has reach yet another resistance where it is correcting and forming reversal back, such as the engulfing pattern 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 engulfing pattern, and falling star. At this stage, there is a correction forming. By analyzing the previous moves, one can assume USDJPY will succeed in rising again after the pullback.

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