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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: "Doji" set up bullish correction

EUR/USD: "Doji" set up bullish correction

There’s a “Harami” at the local high, but its confirmation is a quite weak. So, the price is likely going to test the nearest resistance once again. If we see a pullback from this level, bears will try to deliver a new low. As we can see on the Daily chart, we’ve got a “Harami” and a “Shooting Star” at the last maximum, so there’s a opportunity to have another downward price movement.

EUR/USD: "Doji" set up bullish correction

We’ve got a “Harami” and “Three Black Crows” at the last high. Also, there’s a strong support by the 21 Moving Average. Under this circumstances, the pair is likely going to test the closest resistance. However, sellers will probably try to return into the market afterwards.

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