466
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: "Dark Cloud" increasing bearish pressure

EUR/USD: "Dark Cloud" increasing bearish pressure

There’s an upward correction, but the main trend is still bearish. Also, we’ve got an “Inverted Hammer”, which has been confirmed enough. So, the market is likely going to test the closest “Window” once again, which has enough power to reverse the price movement into the direction of the last low. As we can see on the Daily chart, we’ve got a “Three Methods” here, which gives bears a reason to move on.

EUR/USD: "Dark Cloud" increasing bearish pressure

The price found a resistance on the 55 Moving Average, which brought a “Dark Cloud” pattern, but it hasn’t been confirmed yet. Therefore, if we see a pullback from the 55 Moving Average, there’ll be an opportunity to see the market lower very soon.

Scroll to top