Japanese Candlesticks Analysis 10.10.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues falling; right now, it is testing another support level and forming Hammer and Inverted Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate another correction before the instrument resumes trading downwards.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after being corrected from the resistance level, USDJPY has formed several Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing another pullback, the instrument may continue its ascending tendency.
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