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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: "Three Black Crows" flew into the market

EUR/USD: "Three Black Crows" flew into the market

There’s a strong resistance by the upper “Window”, which brought an “Engulfing” at the last high, but this pattern hasn’t been confirmed yet. So, the market is likely going to test the nearest 34 Moving Average. However, if we see a pullback from this line, there’ll be an opportunity to have another test of the “Window”. As we can see on the Daily chart, here’s a “Shooting Star” with a huge shadow, but this pattern also doesn’t have a confirmation. Therefore, the price is likely going to get a support on the closest Moving Average.

EUR/USD: "Three Black Crows" flew into the market

We’ve got a couple of bearish patterns such as an “Engulfing” and a “Three Black Crows”. Also, the last candles have a huge shadows, so the pair is likely going to test the 21 Moving Average during the day. 

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