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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: "Doji" points to local bullish movement

EUR/USD: "Doji" points to local bullish movement

There’re a “Harami” and a “Two Black Crows” at the last high. Also, we’ve got an “Inverted Hammer” and a “Tweezers” at the local low, so it’s likely to have an intraday upward movement. As we can see on the Daily chart, the last “Shooting Star” hasn’t been confirmed yet. In this case, there’s an opportunity to have a local bullish price movement.

EUR/USD: "Doji" points to local bullish movement

We’ve got a strong support by the 55 Moving Average, which led to form a “Doji”. Considering a confirmation of this pattern, bulls are likely going to reach the nearest resistance line. 

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