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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

There’s a “Doji” at the last high. The price has been going down and during this rally a “Three Methods” was arrived. As we can see on the daily chart, here's a “Shooting Star”, which has been confirmed by the “Engulfing Bearish” pattern. It’s likely that a correction is going to be deeper, but some bullish patterns could be formed on the “Window’s” level.

EUR/USD: candlestick analysis

A “Engulfing Bearish” pattern has been formed at the last maximum, which was a start for the current correction. Considering the fact that we have a “Three Methods” pattern, there’s a possibility for a bigger downward correction towards the nearest “Window”.

EUR
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