Japanese Candlesticks Analysis 11.07.2019 (USDCAD, AUDUSD)

Sourced from: https://www.countingpips.com/2019/07/japanese-candlesticks-analysis-11-07-2019-usdcad-audusd/

As we could see from the H4 chart, USDCAD is still testing the service amount and forming Harami pattern while trading downwards. Possibly, after completing this change pattern, the cost may rebound from the support level and begin a new growth with the goal in 1.3190. But, we shouldn’t dismiss a chance that the tool may proceed without Placing, break the support amount, and continue its decrease to achieve 1.3000.

USDCAD_Анализ японских свечей

Article By RoboForex.com

Article By RoboForex.com

As we can see in the H4 chart, following analyzing another support level and forming Hammer change pattern, AUDUSD has incline towards the channel’s upside border. The current situation suggests that the instrument may test the border, rebound from it, and restart falling towards 0.6910. But, we should not ignore a possibility that the tool may break the resistance level and continue growing to reach 0.7035.
Forecasts presented in this section only reflect the private opinion of the author and shouldn’t be regarded as advice for trading. RoboForex LP bears no responsibility for trading results based trading suggestions described in these analytic reviews.
AUDUSD_Анализ японских свечей

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Introduction to Foreign Exchange Markets


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Foreign Exchange market Education: Support and Resistance levels in retail Forex day trading

In this free webinar, I talk and explain the concepts of Support and Resistance levels in retail Forex day trading, in relation to my approach to foreign exchange market analysis.

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By my experience, the best support and resistance levels information cannot be provided by simply applying an indicator in mt4 on a single pair, but rather can be obtained by a multidimensional approach with simultaneous analysis of all the pairs.

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