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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 possible “Three Methods” pattern at the last low. It’s likely that the price is going to test the “Window's” level once again. As we can see on the daily chart, a couple of “High Waves” haven’t had a confirmation, so the downward movement probably is going to be deeper.

EUR/USD: candlestick analysis

The “Window” has acted as a resistance. Here’s a “Three Methods”, which hasn't been broken by the price. The last lows seems like bearish ones and there aren't any reversal patterns. So, the downward movement can go on to the new lows.

EUR
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