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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: bulls smashed "Window"

EUR/USD: bulls smashed "Window"

We’ve got a pullback from the lower “Window”, so the last bullish “Harami” has done such a great job. It’s likely that the price is going to get a support at the middle of the last huge white candle. If we see a pullback from this level, there’ll be an opportunity to have an achievement of the nearest resistance. As we can see on the Daily chart, there’re an “Inverted Hammer” and an “Engulfing” at the local low. Considering that there isn’t any reversal pattern so far, bulls are likely going to move on.

EUR/USD: bulls smashed "Window"

The price hasn't found a lodgement under the last “Three Methods” pattern, so bulls just smashed the local downtrend. Also, we’ve got a “Three Line Strike” pattern. Under this circumstances, the pair is likely going to reach the closest support during the day. If a pullback from this level happens, bulls will probably try to deliver a new high.

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