526
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: consolidation between two "Harami"

EUR/USD: consolidation between two "Harami"

We’ve got an “Inverted Hammer” and an “Engulfing” at the local lows, but this patterns haven’t been confirmed yet. Therefore, the market is likely going to test the nearest “Window” once again. As we can see on the Daily chart, there’re a “Hammer” and a “Harami”, but again, this patterns are unconfirmed, so the price is likely going to reach the closest support level, which could bring any bullish pattern.

EUR/USD: consolidation between two "Harami"

As we can see on the one-hour chart, there’re an “Inverted Hammer” and a “Tweezers”, but their confirmation is a quite weak. So, the market is likely going to reach the 34 Moving Average during the day. If we see a pullback from this line, bears are likely going to deliver a new low shortly.

Scroll to top