388
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.

USD/JPY: bears try to broke "Window"

USD/JPY: bears try to broke "Window"

There’re a support by the lower “Window” and a resistance by the 13 Moving Average. Also, we’ve got a “Harami” at the local high, so bears are likely going to move on. As we can see on the Daily chart, here’s a “Three Methods” pattern, which has been confirmed. In this case, there’s an opportunity to have a new low.

USD/JPY: bears try to broke "Window"

We’ve got a “Tower” pattern at the local high, which has a confirmation. Therefore, the price is likely going to test the 21 Moving Average once again. If we see a pullback from this level, sellers will likely try to deliver a new low.

Scroll to top