Japanese Candlesticks Analysis 09.04.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After reaching the support level in the H4 chart, EURUSD has formed several Hammer reversal patterns there. At the moment, it may be assumed that the price may rebound from the support level and resume moving upwards.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after finishing the correction, USDJPY has completed several Hammer and Engulfing reversal patterns. At the moment, it may be assumed that the instrument may continue growing to update its closest highs.
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