Japanese Candlesticks Analysis 08.11.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is forming another correction from the resistance level with Hammer, Harami, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the pullback the instrument will resume trading upwards.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still testing the resistance level and forming Hanging Man, Engulfing, and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction, after testing the level the instrument may continue its ascending tendency.
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