Last week, we noted EURUSD price action had presented an inverted hammer candlestick ... Having completed the expected retracement, we now find the EURUSD at trend line support, with a Hammer ...

The hammer is a bullish reversal candlestick pattern characterized ... the trader sees first an inverted hammer and then a hammer. These are confirmed by a bullish candle in the next period ...

“Notably, the Fibonacci retracement of 127.8% supports ... noted that the Nifty 50 formed an Inverted Hammer candlestick pattern during Tuesday’s market session, signaling potential buying ...