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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: "High Wave" set up bullish correction

EUR/USD: "High Wave" set up bullish correction

The price has faced a support by the lower “Window”. Also, we’ve got a “Harami” at the local low, which hasn’t been confirmed yet. Therefore, the market is likely going to achieve the nearest resistance. If a pullback from this line happens, there’ll be an opportunity to have another decline. As we can see on the Daily chart, the 34 and 55 Moving Averages acted as a resistance once again. Considering that there isn’t any reversal pattern, bears will probably go on.

EUR/USD: "High Wave" set up bullish correction

There’s a bearish price movement, which is taking place on the one-hour chart. We’ve got a “High Wave” at the last low, which has been strongly confirmed. Also, there’s a chance to see another test of the nearest support. If we have a pullback from this line, then bulls will probably try to get a resistance on the Moving Averages.

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