EUR/USD: "Engulfing" and "Tweezers"

EUR/USD: "Engulfing" and "Tweezers"


There are bearish patterns such a "Shooting Star, an "Engulfing" and a "Tweezers". However, confirmation of these patterns isn't enough, so we could have just a local downwards correction. If a pullback from the nearest support happens, there'll be an opportunity to have another upward price movement.


There's a "Hanging Man" at the last high, which has been confirmed enough. So, bears are likely going to test the 55 Moving Average, which could be a departure point for another bullish rally.



USD/JPY: "High Wave" pattern

We could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window"...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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