Japanese Candlesticks Analysis 22.06.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after falling, EURUSD has formed another correction with several Shooting Star and Hanging Man reversal patterns at the top. At the moment, it may be assumed that the above-mentioned patterns indicate the completion of the correction and a further descending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after falling from the resistance level once again, USDJPY has formed several Hammer reversal pattern. Judging by the previous movement, it may be assumed that the instrument is about to finish falling and start a new uptrend.
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.