494
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: "Tower" highlights possibility to have bullish correction

EUR/USD: "Tower" highlights possibility to have bullish correction

The price has been falling down since an “Engulfing” arrived at the local high. Also, there’s a “Hammer” at the last low, but this pattern hasn’t been confirmed yet. In this case, the market is likely going to reach the nearest resistance in the short term. As we can see on the Daily chart, there isn’t any bullish pattern so far, which means bears will move on.

EUR/USD: "Tower" highlights possibility to have bullish correction

We’ve got a “Hammer” and a “Tower”, so the price is likely going to reach the 21 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have another decline shortly.

Scroll to top