There’re a “Doji” and “Engulfing” at the last high, so it’s likely possible to see a deeper downward correction to the nearest support line. As we can see on the Daily chart, reversal patterns such as a “Deliberation” and a “High Wave” haven’t been confirmed yet.
We’ve got a flat correction in progress, which brought an “Engulfing” and a “Three Black Crows”. Considering there’s a “Three Methods” pattern, the current correction is likely going to be continued towards the nearest Moving Average until any bullish pattern arrives.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
