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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" led bulls to break the "Window"

EUR/USD: "Engulfing" led bulls to break the "Window"

We’ve got a “Harami” and an “Engulfing” at the local low, so the price came back inside the nearest “Window”. So, the market is likely going to reach the 55 Moving Average in the short term. As we can see on the Daily chart, here’s a “High Wave”, which led to the current upward movement.

EUR/USD: "Engulfing" led bulls to break the "Window"

There’re a “Harami” and a “Doji”, which both have been confirmed enough. Also, we’ve got a “Three Methods” pattern. If the last “High Wave” at the local maximum confirms, there’ll be an opportunity to see a local correction toward the lower “Window”.

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