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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: candlestick analysis

Galina Svetlova

EUR/USD: candlestick analysis

The price has formed a “High Wave” pattern near the last maximum. It's likely that the correction will go further to the level of previously formed a “Tweezers” pattern. There's a possibility to form a "Bearish Harami" pattern on the daily chart.

EUR/USD: candlestick analysis

The current correction has been started after a “Shooting Star” pattern appeared at the last maximum. In the short term the downward movement can continue falling towards the last "Window" support level. However, if the price reaches a support on the Moving Average line and the “Tweezers” pattern level, it’s very likely that the main trend will go on.

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