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Galina has been using the Japanese Candlesticks in trading since 2004. Meanwhile, she has wrote dozens of articles about these patterns, because nowadays it's possible to see a lot of things that couldn't be discovered in the good old days. Everyday Galina share her expert opinion about EUR/USD and USD/JPY on the fxBazooka.com.

EUR/USD: "Engulfing" inspire bears to heroism

EUR/USD: "Engulfing" inspire bears to heroism

There’s an “Engulfing” at the local high near the “Window’s” upper side. Therefore, the price is likely going to reach the lower side soon. As we can see on the Daily chart, here’s a “Thrusting Line” pattern, so today’s candle is probably going to be black.

EUR/USD: "Engulfing" inspire bears to heroism

We’ve got a “High Wave”, a “Tower” and a “Three Methods” near the 34 Moving Average. Under this circumstances, bears are likely going to deliver a new low in the short term. 

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