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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: "Harami" set up upward correction

EUR/USD: "Harami" set up upward correction

There’s an upward correction, which reached the 13 Moving Average. Also, we’ve got a “Three Methods” pattern, so bulls are likely going to achieve the nearest “Window”. As we can see on the Daily chart, here’s a “Piercing Line” at the local low, but this pattern hasn’t reached the middle of the last huge black candle. Therefore, the price is likely going to test the closest resistance level soon.

EUR/USD: "Harami" set up upward correction

We’ve got a “Harami” pattern, which has been strongly confirmed. So, the market is likely going to get a resistance on the 55 Moving Average during the day. If a pullback from this line happens, there’ll be an opportunity to have a local consolidation between the Moving Averages.

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