USDJPY > Simple candlestick signals easy to recognizeEducation > Basic Candlestick Signals
Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M.
Analysis in chart
1. Large body w/small wicks indicate strength
2. Larger the body w/smaller wicks indicate greater strength
3. Long wick w/body at opposite end of candle indicates shift in trend momentum
4. Wicks at both sides w/smaller body in middle indicates indecisiveness and both sides have equal strength
5. Larger wicks w/smaller body in middle indicates increase of indecisiveness
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Candlestickspatterns
GBPCHF Bearish Trend AnalysisGBPCHF - Short to 1.20 level
Timeframe : Mid-Term
Aug. 3 = Engulfing Bearish Candle = Bearish Strength
Aug. 7 = Inverted Hammer = Bullish, but failed verification on next candlestick
Aug. 15 = Falling Three Methods Candle = Strong signal for new Low @ closing, achieved @ 1.2518 - Signals Downward Trend to continue
Resistance & Support Levels:
R3 1.2453 R2 1.2418 R1 1.2366
S1 1.2280 S2 1.2245 S3 1.2194
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.