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: "shooting star" arrived

Galina Svetlova

EUR/USD: candlestick analysis

We’ve got a “Shooting Star” at the last high, which led to the downward movement. The current black candle is finally going to end a “Three Methods” pattern. So, bears are probably in a way to the last “Window” and Moving Average lines. As we can see in the Daily chart, a “Harami” has been confirmed, so a decline is going to continue until we’ve got any bullish pattern.

EUR/USD: candlestick analysis

There’s a flat in progress, which has brought a lot of different candle patterns on the one-hour chart. The last candles are bearish and we’ve got a “Three Methods” as well. It’s likely that the downward movement is going to reach the nearest support line.

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