726
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.

USD/JPY: "Three White Soldiers" open the way for correction

USD/JPY: "Three White Soldiers" open the way for correction

There’s a correction inside the main bearish trend. We’ve got a “Hammer” and a “Harami”,  which both have been confirmed. So, the market is likely going to test the 21 Moving Average once again in the short term. As we can see on the Daily chart, here’s an “Inverted Hammer” and long shadows of the last candles, so we've got a couple of bullish signs.

USD/JPY: "Three White Soldiers" open the way for correction

We’ve got an “Engulfing” and a “Three White Soldiers” on the one-hour chart. Therefore, the price is likely going to reach the 89 Moving Average during the day. If a pullback from this line happens, bears will probably try to return into the market.

Scroll to top