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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 “Shooting Star” at the last high right after the huge white candle. So, it’s likely to see a downward correction during Friday. As we can see on the daily chart, here’s a bullish “Three Methods”, but at the same time we can see a bearish “Harami” as well. In this case, a bearish correction is probably going to the nearest support line.

EUR/USD: candlestick analysis

We’ve got a “Tweezers” and a “Tower” patterns, which have been formed after a couple of huge white candles arrived. The last candles are bearish, so it’s likely that the current downward correction will go on.

EUR
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