Japanese Candlesticks Analysis 06.09.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues growing and forming Hammer, Harami, and Doji reversal patterns during pullbacks. At the moment, it may be assumed that these patterns indicate that the instrument completed another correction and may resume its rising tendency.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after rebounding from the resistance level once again, USDJPY has formed Hammer, Inverted Hammer, and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete the correction and start a new ascending tendency.
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