Japanese Candlesticks Analysis 09.03.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has formed several Harami and Engulfing reversal patterns at the resistance level. At the moment, the pair is being corrected and later may resume falling towards the support level.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has been corrected from the support level towards the resistance one and formed Harami reversal pattern there. Right now, it may be assumed that after finishing the pullback, the price may resume falling to update its closest lows.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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