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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" set up a downward correction

EUR/USD: "Engulfing" set up a downward correction

The last “Window” is still open, but on its upper side we’ve got a “Morning Star”. On the other hand, there’re a couple of “Doji”, but they haven’t confirmed yet. If so, the yesterday’s “Window” is likely going to be tested again. As we can see on the Daily chart, here’s an unconfirmed “Shooting Star”, so the market is likely going to achieve the 21 Moving Average in the short term.  If any reversal patterns arrived on this line, bulls will probably try to move on.

EUR/USD: "Engulfing" set up a downward correction

We’ve got a “Harami” at the local low, which has been confirmed enough. The last “Doji” haven’t got a confirmation, but it’s likely to see another bearish patterns in the short term. If so, the last “Window” will be the main intraday target.

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